
The Economic Framework for Analyzing the Rate Structure Issues The Bargaining Room Theory in the Present Proceeding The Bargaining Room Theory in Historical Context The “Bargaining Room” Rate-Setting Theory Under Section 801(b)(1) The Economic Basis for the Four Itemized Objectives The Legal Basis for the Four Itemized Objectives The Rate-Setting Standards in Section 801(b)(1) The Licensors: Publishers and Songwriters ALTERNATIVE DETERMINATION OF RATE STRUCTURE AND RATES The Majority Decision Unlawfully Delegates to Private Entities, Unrepresented in this Proceeding (the Record Companies), the Ability to Set the Section 115 Royalty Rates The Majority has not “Determined” Statutory Rates The Majority Opinion is Legally Erroneous The Majority Denigrates the Parties' Ten- Year Rate Structure as a “Rube- Goldberg-esque” Device.

The Majority Makes the Heroic Assumption that the Major Record Companies will Docilely Accept Millions of Dollars in Lost Revenue, by Agreeing to Accept Lower Sound Recording Royalties The Majority Opinion Causes Injury to Licensees and Licensors The Rate Structure Adopted by the Majority was not proposed during the Proceeding. The Majority Opinion Lacks an Adequate Basis in the Record
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Direct Licenses Between Parties Potentially Subject to a Section 115 Compulsory License Rejection of the Copyright Owners' Approach Judges' Conclusion Concerning Rate Structure

Greater-Of Percent of Revenue/TCC Rate Structure 2012 Settlement as Rate Structure Benchmark Arguments Concerning Elements of the Proposed Rate Structures The Services (Excluding Apple and Google) Effects of Streaming on Publishers' and Songwriters' Earnings Changes in Music Consumption Patterns and Revenue Allocation This repetition of headings to form internal navigation links Headings within the legal text of Federal Register documents. This table of contents is a navigational tool, processed from the Provide legal notice to the public or judicial notice to the courts. Rendition of the daily Federal Register on does not Until the ACFR grants it official status, the XML

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