The Copyright Royalty Board has delayed implementation of the new royalty rates on internet broadcasters that had been set to take effect May 15th. The new rates will now be effective on July 15th, giving netcasters a few more months to try to reach a deal to prevent the coming apocalypse.Basically, internet radio producers say the new rates would be so high that most online radio services would be put out of business.
Meanwhile, a bill has been introduced in Congress that could reverse the Copyright Royalty Board decision and establish a new system for setting royalty rates.
The SaveNetRadio coalition says it will use the new two-month reprieve to lobby Congress in support of the bill.
