Copyright Royalty Judges Announce 3.7% COLA for Colleges and Universities

Summary

The Copyright Royalty Judges have announced a 3.7% cost of living adjustment (COLA) for colleges and universities that pay royalties for published nondramatic musical compositions in the ASCAP, BMI, and SESAC repertories, effective from October 2008. This adjustment is based on the change in the Consumer Price Index from October 2007 to October 2008.