Source: https://www.law.cornell.edu/cfr/text/37/385.21
Timestamp: 2019-12-14 23:45:23
Document Index: 340634752

Matched Legal Cases: ['§ 385', '§ 385', '§ 385', '§ 385', '§ 385', 'art 210', '§ 385']

37 CFR § 385.21 - Royalty rates and calculations. | CFR | US Law | LII / Legal Information Institute
Section 385.21. Royalty rates and calculations.
37 CFR § 385.21 - Royalty rates and calculations.
§ 385.21 Royalty rates and calculations.
(a) Applicable royalty. Licensees that engage in Licensed Activity covered by this subpart pursuant to 17 U.S.C. 115 shall pay royalties therefor that are calculated as provided in this section, subject to the royalty floors for specific types of services described in § 385.22.
Table 1 to Paragraph (b)(1) - 2018-2022 All-In Royalty Rates
11.4 12.3 13.3 14.2 15.1
22.0 23.1 24.1 25.2 26.2
(ii) The royalty floor (if any) resulting from the calculations described in § 385.22.
(1) 5:01 to 6:00 minutes - Each play = 1.2 plays.
(2) 6:01 to 7:00 minutes - Each play = 1.4 plays.
(3) 7:01 to 8:00 minutes - Each play = 1.6 plays.
(4) 8:01 to 9:00 minutes - Each play = 1.8 plays.
(5) 9:01 to 10:00 minutes - Each play = 2.0 plays.
(d) Accounting. The calculations required by paragraph (b) of this section shall be made in good faith and on the basis of the best knowledge, information, and belief at the time payment is due, and subject to the additional accounting and certification requirements of 17 U.S.C. 115(c)(2)(I), 17 U.S.C. 115(d)(4)(A)(i), and part 210 of this title. Without limitation, statements of account shall set forth each step of the calculations with sufficient information to allow the assessment of the accuracy and manner in which the payable royalty pool and per-play allocations (including information sufficient to demonstrate whether and how a royalty floor pursuant to § 385.22 does or does not apply) were determined and, for each Offering reported, also indicate the type of Licensed Activity involved and the number of Plays of each musical work (including an indication of any overtime adjustment applied) that is the basis of the per-work royalty allocation being paid.