Copyright Clearance Center Publishes FY11 Annual Report, 10% Increase in Royalty Payments to Rightholders (vs. FY10)
From a Copyright Clearance Center (CCC) Announcement:
Copyright Clearance Center (CCC), a not-for-profit organization and leading provider of licensing solutions, announced a record royalty payment of $171.1 million to rightsholders in FY11, an increase of more than 10% over the previous year ($154.3 million). During the last 10 years, CCC has distributed more than $1.3 billion to rightsholders.
“Rights licensing is playing a bigger role than ever as publishers and authors seek to diversify their revenue streams and find new ways to monetize content,” said Tracey Armstrong, CEO of CCC. “As rightsholders continue to explore new business models, CCC’s technology and licensing solutions help open new doors of opportunity.”
Review the Complete Copyright Clearance Center FY 2011 Annual Report
Note: The report includes Q&A interviews with two new members of the CCC Board of Directors, Marybeth Peters and Wendy Strothman.
Filed under: Companies (Publishers/Vendors), Interviews, News, Reports
About Gary Price
Gary Price (gprice@gmail.com) is a librarian, writer, consultant, and frequent conference speaker based in the Washington D.C. metro area. He earned his MLIS degree from Wayne State University in Detroit. Price has won several awards including the SLA Innovations in Technology Award and Alumnus of the Year from the Wayne St. University Library and Information Science Program. From 2006-2009 he was Director of Online Information Services at Ask.com. Gary is also the co-founder of infoDJ an innovation research consultancy supporting corporate product and business model teams with just-in-time fact and insight finding.
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