Statutory Mechanical Royalty Rate
Type: noun
Pronunciation: /sta-chu-toe-ree-muh-kan-i-kuhl-roy-al-tee-rayt/
Also spelled or known as: Statutory Mechanical Rate
Related: Statutory Rate
What does Statutory Mechanical Royalty Rate mean? The legal set royalty rate for certain mechanical uses of songs.
This rate applies to qualifying reproductions and distributions of musical compositions under statutory licensing systems.
Statutory Mechanical Royalty Rate synonyms: Statutory Mechanical Rate, Legal Mechanical Rate, Compulsory Mechanical Rate
Example sentence: “The cover song was licensed at the statutory mechanical royalty rate.”
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