Monday, August 27, 2007

Music industry caps fees for Net radio stations

From The Globe And Mail - A music industry group Thursday said it would cap “per channel” fees for major Internet radio companies streaming music on multiple channels.

SoundExchange, which collects royalties from Webcasters and distributes them to artists and record labels, said it would limit fees — at $50,000 (U.S.) a year — for online radio station companies that offer more than 100 channels to customers.

A panel of three copyright judges earlier this year mandated that Webcasters had to pay higher royalty fees and a $500 fee “per station or channel” streamed, regardless of the total number of channels. | Read full article

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