Webcasters and SoundExchange finally shook hands over a royalty deal. Looking at the terms, it looks like Webcasters got much of what they'd asked for.
If you're as big a fan of Web radio as I am, you'll want to tip your longneck beer bottle this evening to the memory of Laura Ellen Hopper,...
A proposal from music industry representative SoundExchange promises lower royalty rates for smaller Web radio stations. If accepted, the deal will mean that these smaller Webcasters won't go out of business, at least until 2010.
On April 16, the Copyright Royalty Board upheld its earlier decision to impose higher royalty rates on Webcasters. It also clarified that the ruling applies to cellular radio transmissions -- turning its prior decision into one that's very broad, and making Congressional involvement more likely.
Clear Channel and NPR have asked the Copyright Royalty Board to reconsider its decision to impose higher fees on Webcasters playing music. Now, it looks like the board might reconsider its decision.
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