Small Webcaster deals: Bad for Net DJ biz?
There appears to be relief ahead for at least some small Webcasters that balked at a new requirement to pay higher royalty rates to musicians and record labels.
SoundExchange, the nonprofit record industry spin-off charged with collecting the mandatory royalty payments, said in a Tuesday press release 24 "small" Internet radio outfits have signed agreements guaranteeing they will owe through 2010 the same rates they have paid since 1998. Others are in the process of signing on, SoundExchange said. It was not immediately clear which radio stations had already reached agreements.
Under the deal first offered in May, … Read more