Music Industry Caps Webcaster Fees
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SoundExchange says it will limit "per channel" fees to $50,000 a year for major internet radio companies streaming music on multiple channels. The ruling means large webcasters, such as Pandora Media and Time Warner's AOL face much higher payments than in the past.
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Blog: Music industry group that collects royalty payments has offered a compromise, but it's unclear whether it will go far enough to please disgruntled Webcasters.
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Promoters pay radio stations annual fees for advance copies of playlists and bill record companies for each new song played, running up a tab that costs the industry tens of millions of dollars annually.
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Small Internet radio stations were offered a break yesterday, when a recording industry group offered to reduce the royalties it collects for music played online.
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Chris Gorog is convinced people won&#39;t continue to pay $1 a song for online music. By Evan Agostini, Getty Images. That is despite Apple&#39;s (AAPL) record string
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The radio industry has agreed to pay &#36;1.7 billion over six years to a group that doles out royalties to songwriters under an agreement in which stations will now pay a set fee for music, rather than a percentage of yearly revenue.
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Internet radio royalties are a growing source of income that are just beginning to have an impact on artists and record companies.
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Blog: New letter to Congress from Yahoo, RealNetworks, Pandora and Live365 execs urges politicos to reconsider new rules they argue would require not only higher royalty rates on songs, but more than $1 billion in annual "administrative" fees.
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A Washington copyright panel that more than doubled fees U.S. Internet radio stations must pay for music is being called the industry's possible executioner.
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Music publishers and U.S. commercial  radio station owners said on Monday they had agreed to a new  $1.7 billion deal to cover licensing rights for music played  over radio airwaves or via radio station Web sites.
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Internet radio broadcasters and the music industry appeared to be moving closer Monday to resolving a dispute over a new system mandating higher royalty fees for streaming music online.
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Yesterday, the SoundExchange organization which the US Copyright Royalty Board designated as the handler for performers' royalties, offered "small webcasters" the option of returning to an earlier arrangement, which would cap the amount of royalties it receives from them at 10% of net revenues up to the first $250,000, and 12% thereafter.
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The streaming site offers free tunes from major and indie labels.
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More than 50,000 music artists will now get paid when their tracks are used as backing music for clips on YouTube, in a new deal between the music industry and the website.
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US Internet radio listeners will tune in to the sound of silence on Tuesday as webcasters protest a sharp rise in royalty fees that critics say will force thousands of online stations to close.
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With competition heating up in the online music business, RealNetworks Inc. slashed prices Tuesday for downloading music.
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Editor, New Era:           There is a bill just introduced in Congress that will save Internet radio from the devastating royalty-fee           increases that will put thousands of Internet webcasters out of business on May 15.