Section 115 License Statements of Account Rulemaking

The Copyright Office has issued final regulations governing the payment of royalties and preparation and service of statements of account under the compulsory license for the making and distribution of phonorecords of nondramatic musical works established by section 115 of the Copyright Act. The regulations have been updated to account for percentage-of-revenue royalty rate structures adopted by the Copyright Royalty Board for certain digital music services. The revisions also respond to changes in accounting and industry practice in the years since the regulations were last substantially amended.