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SoundExchange and Broadcasters Settle on New Rates for 2026-2030, Await CRB Approval
SoundExchange and the National Association of Broadcasters (NAB) have reached a broad rate settlement for 2026-2030, pending approval by the CRB.
“This settlement with broadcasters provides needed increases for the creative community we represent, and allows us to forego the costs, uncertainties, and distraction connected with any litigation,” SoundExchange president and CEO Michael Huppe said in a statement. Furthermore, radio stations also must provide contractual access to performance data held by third-party vendors, which should enhance SoundExchange’s auditing capabilities. In noting that the NAB is “extremely pleased” to reach the settlement with SoundExchange for the CRB Web VI rate setting period of 2026-2030, NAB president and CEO Curtis LeGety said in a statement that “this settlement provides critical certainty around streaming rates in a way that is sustainable for broadcasters large and small, ensuring that local stations can continue to deliver the experiences and connection that millions of listeners depend on every day.”
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