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To sum up: We have looked at over 1,300 tunes licensed for regular price records released to the trade by 2 prominent record companies over the better part of 1974 and more than 1,200 other licensed tunes .on budget albums, all · as set forth in Exhibit 21. From this exhibit we see the following:
More than 99% of all licensed royalty rates were at the
For regular price singles, the 2¢ statutory rate is
For regular price LP albums, the 2¢ statutory rate was
In short, just as we showed 10 years ago, the statutory rate of 2¢ and standard, generally available, non-discriminatory variations therefron account for the overwhelming bulk of all rates paid (exclusive of public domain material). The statutory rate, flatly contrary to the arguments of the publishing companies, is not "merely a ceiling". The statutory rate and standard variations are overwhelmingyly the norm. There is not, and has not been any significant amount of "bargaining" or real negotiation about these rates. Nor would there be in the future under any higher rate. Any statutory rate would become the norm. The outcome and the effects of a higher rate can be forecast with confidence.
Rates other than standard lid or ¢ intervals or percentage thereof.
of 50 million records.
OF THE COMMITTEE ON THE JUDICIARY
September 11, 1975
This Technical Appendix explains, supports and amplifies the data contained in the "Statement on Sec. 115 of H.R. 2223 of John Desmond Glover, Director, Cambridge Research Institute" before the Subcommittee on Courts, Civil Liberties, and the Administration of Justrice of the Committee on the Judiciary, U.S. House of Representatives, September 11, 1975. The statement was based upon a study of economic effects of proposed changes in provisions of the copyright law relating to the licensing of copyrighted music for recordings. This was the second such study conducted in ten years. .
The material that follows is organized into two main sections. The first section supports exhibits in the Summary Statement (pages 1 to 31 herein) presented orally by Dr. Glover to the Subcommittee. References are provided to specific sections of the full statement which explain the conclusions stated in the Summary exhibits. The second section supports exhibits in the full statement, as needed.
CONTENTS OF TECHNICAL APPENDIX
(organized by exhibit supported)
A. No Economic Justification for an increase .
Mechanical Royalties Have More Than Doubled
and Median Family Income, 1963-1972
Payments to Copyright Owners Would Go Up $47 Million
k. No Economic Justification for an Increase
FULL STATEMENT EXHIBITS
1. STATUTORY LICENSE ROYALTIES AND RECORD COMPANY PRICE: 1909 vs. 126
1974 2 & 3. INCOME TO COPYRIGHT OWNERS FROM RECORDINGS, 1973 vs. 1963
STATUTORY MECHANICAL ROYALTIES PAID PER RELEASE OF RECORDED TUNES: 132
1963 vs. 1972 5. ESTIMATED FINANCIAL STATISTICS AND INCOME STATEMENT FOR THE U.S. 132
RECORDING INDUSTRY. 1955-1974 6. STATUTORY LICENSE ROYALTIES PER TOP 150 LP ALBUMS IN 1973 AT VARIOUS 158
FINANCIAL IMPACTS OF PROPOSED INCREASED MECHANICAL ROYALTIES ON
MECHANICAL ROYALTIES COMPARED TO RECORDING INDUSTRY PRE-TAX