Internet Radio lives - SoundExchange will not enforce new royalty rates
New royalty rates affecting online radio stations are set to take effect Sunday. But SoundExchange, the group responsible for collecting those royalties now says it will not enforce the new rates.The news came out of a Congressional hearing on Thursday, and follows months of heated discussions. Webcasters say the new rates are high enough to put almost every internet radio station out of business. A coalition of webcasters held a day of silence protest last month, and Congress is considering legislation that would change the way rates are calculated.
SoundExchange says it will not enforce the new fees until a new agreement can be reached that would let stations like Pandora, Last.fm, and Radio Paradise remain on the air.
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Reader Comments (Page 1 of 1)
iamhoff said 12:59PM on 7-13-2007
Amazing! How in the hell did anybody in Washington find common sense?
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Omegar said 1:00PM on 7-13-2007
wouldn't it be easier to move last.fm servers and/or pandora servers OUT of the US and give the chance to the users to "correct" the mistake they made when they said in their registrations that they were inside the US?
I am sure it would be quite difficult for any organization to collect these fees from Sweden, or the Cayman Islands...
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Andrew Schrock said 8:39PM on 7-14-2007
Excellent and surprising news.
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