Table 4. Purchasing Power in July 1975 and January 1976 of 2.5 Cents Royalty Ceiling Rate in 1965 dollars Table 5. Number and Percent of Selections on Which Royalties Were Paid by the Three Largest Record Companies to Their Twenty Largest Music Publishers, Fourth Quarter of 1974, by Range of Fee a/ This rate applies to longer compositions, for which royalties may be set at an alternative playing time rate. Source: Survey of payments through the Harry Fox Agency, Robert R. Nathan Associates, described in detail on next page. These three record companies account for 41 percent of the total payments through the Harry Fox Agency. Table 5 (continued) Source: The majority of royalty payments from record companies to music publishers are made through the Harry Fox Agency. Robert R. Nathan Associates carried out a survey of the records of these payments for the fourth quarter of 1974. A similar study was made for the second quarter of 1965. The results of this earlier survey were presented on February 25, 1966 in the Second Supplementary Statement of Robert R. Nathan on behalf of the Music Publishers' Protective Association (now the National Music Publishers' Association), before the subcommittee on Patents, Trademarks, and Copyrights of the Committee on the Judiciary, 89th Congress, Second Session. The three largest record companies were included in |