The source, an excerpt from a YouTube video transcript, explains that neighboring rights royalties are public performance royalties owed to artists and master rights owners when a sound recording is broadcast or publicly played. The video highlights that the United States does not pay these royalties for domestic performances, stemming from its failure to attend and sign the Rome Convention in 1961, which in turn causes other countries to often withhold payment from US artists. However, the source notes that SoundExchange does collect non-interactive digital streaming royalties and can collect some international neighboring rights through reciprocal agreements, and services like Royalty Claim can help artists recoup unclaimed international funds. Finally, the speaker encourages artists to support legislation, such as the proposed AM/FM Act, aimed at securing these royalties for US terrestrial radio play.
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