Paying royalties for music is not just a financial obligation, but a testament to the intrinsic value of artistic creativity and hard work. Every time a song plays, it’s a culmination of an artist’s passion, dedication, and countless hours spent perfecting their craft.
Royalties serve as a recognition and financial reward for these creators, ensuring that they are compensated fairly for the use of their work. This not only sustains the livelihood of artists but also fuels the music industry, enabling the creation of more content that enriches our culture and resonates with audiences around the world. Respecting and remitting these royalties is fundamental to the continued growth and vibrancy of the music ecosystem.
In light of the COVID-19 crisis, which has precipitated significant financial challenges for numerous businesses, our pricing strategy has taken on paramount importance. Recognizing this, our Rightholders proactively released a revised tariff list, effective until 2024, which offers an expansive 90 percent discount in the majority of cases. This strategic move was designed to alleviate the financial burden on businesses and ensure that they can pay a reasonable fee for the public use of our repertoire, even post-pandemic.
A growing number of business users are grappling with the financial strain of their royalty obligations due to the repercussions of COVID-19. RadioPro is committed to continuously observing market dynamics and will ensure that our tariffs remain at favorable rates, making the necessary adjustments when warranted.
You can review our recently updated RadioPro Ltd Standard Tariffs.