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Table 4. Purchasing Power in July 1975 and January 1976 of 2.5 Cents Royalty Ceiling Rate in 1965 dollars

and in 1967 Dollars

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January 1976a/

......

1.40¢

1.484

al Projected.
Source: Calculated from table 1.

1

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KE

10 X 10 TO THE INCH 46 0703 7 X 10 INCHES

KEUPFEL & COLER CO.

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UNDER
BETWEEN

BETHEE
1.90

44

OVER
AA

VRIS RATE APPLIES TO LONGER COMPOSITIONS, FOR WHICH ROYALTIES MAY BE SEU AT AN ALTERNATIVE
PNVITING TIMELIRATIE
SOURCE: TABLE 5 (PAYMENTS THROUGH THE HARRY Fox AGENCY),

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

(Number in millions)

Fee range in cents

Total

Between 1.5¢ &

Under

Between 1¢ & 1.54

1.54

Over 2¢a

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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 totai payments through the Harry Fox Agency.

Table 5 (continued)

Source:

The majority of royalty payments from record com-
panies 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 State-
ment of Robert R. Nathan on behalf of the Music
Publishers' Protective Association (now the National
Music Publishers' Association), before the sub-
committee on Patents, Trademarks, and copyrights of
the Committee on the Judiciary, 89th Congress, Second
Session.

The three largest record companies were included in
both of the tabulated samples. They accounted for
41 percent of the payments through the Harry Fox
Agency in the last quarter of 1974. For each of
these three record companies the twenty largest music
publishers in terms of royalty payments were deter-
mined in the most recent survey; those twenty differ
for the various record companies. A total of 47
publishers were included. In the 1965 survey six
publishers per record company were analyzed. Thus
a much larger sample has been taken in 1974. How-
ever, to provide direct comparability with the 1965
results, tabulations have also been made for the
fourth quarter of 1974 for a subsample consisting
of the six largest music publishers for each of the
three largest record companies. Total payments for
the group analyzed in the fourth quarter of 1974 in
the full sample of 20 publishers per record company
were $2.34 million, covering the sale of 144.6 million
selections.

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