Not-For-Profit Pays Out $1.4 Billion Over Previous Ten Years
Danvers, Mass. – Copyright Clearance Center, Inc. (CCC), a not-for-profit organization creating global licensing and content solutions that make copyright work for everyone, has announced a record royalty payment of $188.7 million to rightsholders in FY’13, an increase of more than 5% over the $179.4 million paid the previous year. During the last ten years, CCC has distributed $1.4 billion to rightsholders.
“As the digital information age matures, publishers and authors face a range of opportunities and challenges,” said Miles McNamee, Vice President, Licensing and Business Development, CCC. “Our goal is to continue helping rightsholders maximize every opportunity throughout the content life cycle as more than a rights-licensing provider, but also as a partner helping authors and publishers protect their intellectual property, control costs and generate new revenue.”