With the rise of Internet radio, The Wheel’s Still In Spin lists the recent online news articles about the future of Internet radio.
Agreement reached on Internet music royalty rates
The Associated Press reports on an agreement between the NAB and SoundExchange. “The new deal lowers those rates by about 16 percent in 2009 and 2010. The stations will now pay $1.50 for every song heard by a thousand listeners in 2009, rising to $2.50 per 1,000 listeners in 2015.
“The agreement between the National Association of Broadcasters and the royalty-collection group SoundExchange covers the Internet streaming operations at several thousand NAB-member stations, including those owned by Clear Channel Communications Inc. and CBS Corp. Stations that are not members of the broadcasters' group have the option of joining the agreement, according to the NAB.”
Internet Radio SoundExchange Talks Fail
All About Jazz explains that a hopefully negotiation of Internet radio royalties has passed its deadline. “The Digital Media Association confirmed that negotiations with SoundExchange over net radio royalties did not yield an agreement before the February 15 deadline. The DiMA, on behalf of its members which include RealNetworks, Pandora and MTV has been negotiating with SoundExchange since March of 2007 when the Copyright Royalty Board increased some webcasters royalties by 300%.”
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