Australia’s Copyright Tribunal finalized this licensing-rate hike in a mid-December decision, and the Phonographic Performance Company of Australia (PPCA) today “acknowledged” the development. At a glance, “acknowledge” might not seem an appropriately enthusiastic verb; a double-digit rate jump is, after all, significant. But the major-label-led PPCA had been pushing for a comparatively sweeping licensing-scheme overhaul.
Source: Australia Preps 38% Commercial Radio Recordings Royalty Hike