Music News / Friday, October 3rd, 2008 at 10:06 am
The US Copyright Royalty Board ruled on Thursday that the current 9.1 cents per song royalty rate will remain the standard for the next five years. It appears this is a victory for all parties involved who seem to be happy with the deal, as Apple Inc. had threatened to close down its iTune music store had the rates increased. You can read more here.