Filed under: Audio, Business, News
Congress extends deadline for Internet radio royalty negotiations
Royalties have been a bone of contention between major record labels and Internet radio stations for years, and now it looks like the two sides only have 30 more days to iron out an agreement. After they failed to agree by the February 2009 deadline that Congress set last year, Congress took action to extend the deadline to 30 days from last Wednesday.Until last year, the Copyright Royalty Board had the authority to determine the rates webcasters would have to pay for songs, but a 2008 bill called for negotiation on the issue instead. What's missing from all the coverage of this extension is what happens if an agreement can't be reached by the new deadline. According to the bill -- which was passed without amendment -- after the 30 day period passes, no agreement can be reached under the existing provisions, which means the rules of the game could change again at Congress' whim.
[via AppScout]
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