The US Copyright Royalty Board (CRB) is currently conducting proceedings to determine the mechanical royalty rate that music streaming services will pay songwriters for the five years between 2023 and 2027.Today (February 7), in a letter sent to Warner Chappell Music's US songwriters, and obtained by MBW, WCM Co-Chair and CEO Guy Moot, and WCM Co-Chair and COO Carianne Marshall (pictured) call the proceedings a "critical moment" for songwriters, and urge them to "raise awareness around this important issue" over the coming months.Elsewhere in the letter to WCM songwriters, Guy Moot and Carianne Marshall note that, "many of you rely on songwriting as your primary source of income, and we’re doing everything in our power to achieve a positive outcome".They add: "Without songwriters, we wouldn’t have songs or streaming services – there’d be no music business at all..." (MBW)
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