A more thorough explanation:

The Copyright Royalty Tribunal was a board in the federal government that was responsible for setting and overseeing the rates of royalties for published and recorded materials. This board was in charge of ensuring that copyright owners were fairly compensated for the use of their work.

For example, if a musician wrote a song and it was recorded by a popular artist, the Copyright Royalty Tribunal would determine how much money the musician should receive in royalties for the use of their song.

Today, the functions of the Copyright Royalty Tribunal are performed by copyright arbitration royalty panels. These panels are responsible for determining the rates of royalties for various types of copyrighted material, including music, books, and movies.

Overall, the Copyright Royalty Tribunal played an important role in protecting the rights of copyright owners and ensuring that they were fairly compensated for the use of their work.