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A U.S. federal law, called the DART Act
(originally passed on October 7, 1992) that requires
manufacturers and importers of digital audio recording devices
and those who distribute such products in the U.S., to file an
initial notice upon distribution of such devices and media and
to pay the appropriate royalty fees to the Licensing Division
of the Copyright Office. And also to submit quarterly and annual
statements of account to that Office. See: COPYRIGHT LAW
under "Copyrightable Material," and "Sound Recordings,"
ROYALTY.
These royalties are then administered by
the Copyright Arbitration Royalty Panel (CARP) and distributed
to eligible claimants who file the proper claims according to
a specified timetable. The royalty fees are separated into two
funds. The Musical Works Fund where the royalties are distributed
to music publishers and songwriters who own copyrights in musical
compositions. The other is the Sound Recordings Fund. The royalties
from this fund are distributed to the copyright owners of sound
recordings.
The percentages distributed are broken down into these categories: record labels receive…
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