SoundExchange, Web Radio Services Strike Deal
SoundExchange has reached an agreement on the long-simmering Webcaster royalty dispute with several Internet radio services that dramatically reduces the per-stream payments from those set by the Copyright Royalty Board in March of 2007.
The new agreement is aimed at “pure-play” services, defined as Webcasters who make most of their money from Internet radio operations. Under the deal, these services would pay either the new per-stream rates or 25 percent of their gross U.S. revenues, whichever is greater, if they make $1.25
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