Webcaster Settlement Act Passes Senate
October 1, 2008

The U.S. Senate has passed the Webcaster Settlement Act, which allows Internet radio to continue negotiations over royalty rates in an attempt to lower those set by the Copyright Royalty Board. As previously reported, the Act passed the House of Representatives over the weekend. Next up is the White House, where President Bush is expected to sign off on the Act.

Pandora founder Tim Westergren told CNet, "I'm relieved, optimistic, and grateful to our listeners." "This is a welcome and encouraging development and a sign of the constructive working relationship between the music industry and Webcasters," said Mitch Bainwol, RIAA Chairman/CEO, in a statement. "Together, we want to make this marketplace work for both music fans and music creators."

NAB EVP Dennis Wharton stated, "With this legislation now headed to the White House for President Bush's signature, NAB looks forward to sitting down quickly with SoundExchange to craft equitable streaming rates that enhance the online music experience and expose more artists to our listeners."

The bill now gives Webcasters and the music industry until February 15, 2009 to reach a new deal on royalty rates.

Live365, one of the largest Internet radio providers, is proposing a settlement for small Webcasters. In a statement, the company said, "As part of any settlement package going back to Congress, Live365 will propose that SoundExchange (SX) include the special rates and terms for small webcasters as were previously enacted by Congress (Small Webcaster Settlement Act of 2002) and extended by SoundExchange (Small Commercial Webcaster Term Sheet 2007)."

"This would resolve the issue with SoundExchange's current Small Webcaster offer which is limited to only a portion of artists--those that have directly registered for representation by SX. This bill insures that existing agreements reached between SX and webcasters would cover all artists' performances."

"All parties have recognized the importance of a vibrant small webcaster community by providing them special rates and terms from the beginning," stated Live365 CEO Mark Lam. "The public reaps the benefits with access to tens of thousands of artists, and musical diversity heard nowhere else. Live365's thousands of individual small webcasters cover some 270+ genres of music and play 200,000 different artists each month. And we're just one network."




 
Breaking News
iHeartMedia San Francisco Names Mark Adams PD of KYLD & KIOI
Premiere Networks Promotes Claudine Cazian To VP/Programming & Branded Entertainment
Entercom Names Carlos Lamadrid VP/National Sales, Strategic Partnerships
Pandora Hires Steve Bené As General Counsel
In Brief - October 20, 2014
October 17, 2014
In Brief - October 17, 2014
The Week In Review: 10/13-10/17
October 16, 2014
Michael Jordan Named PD At WAMZ
Dan Chertoff Named VP, A&R, RCA Records
Greater Media Chairman, CEO Peter Smyth Named Among The 2014 Giants of Broadcasting
Joe Cuello Joins TuneCore As Chief Creative Officer
Clip Interactive Reports Milestones In Revenue, MAUs, Engagement For Radio Station Partners
iHeartMedia Wins Gold Award At Healthcare Marketing IMPACT Awards
In Brief - October 16, 2014
October 15, 2014
Gayle Troberman Named iHeartMedia EVP And Chief Marketing Officer
John Geary Appointed Market President For iHeartMedia Sacramento
Sun & Fun Media Partners With Premiere Networks For Ad Sales
TuneCore Pays Artists $32.7 Million In Q3 2014 for Music Distribution, Expands Music Publishing Catalog
In Brief - October 15, 2014
October 14, 2014
Warner Music Group Broadens Senior Management Team
Tribune Media Announces $400 Million Stock Repurchase Program
New Generation Radio Partners With Colbert Media Group
In Brief - October 14, 2014
October 13, 2014
Steve Davis Named VP/Programming, CBS Radio Washington, D.C.
Capitol Music Group Names Ambrosia Healy SVP/Head Of Media Strategy & Relations
Music News
U2 Sits Down For Intimate Radio Special
Quick Hits: Coldplay, Gwen Stefani, Foo Fighters, Dropkick Murphys, Madisen Ward and the Mama Bear
One Direction Reveal Four Tracklist
The Week In Review: 10/13-10/17
Quick Hits: Iggy Azalea, U2, Snoop Dogg / Pharrell, iHeartRadio Fiesta Latina
Pitbull Goes Global In November
Quick Hits: Sam Smith, MTV EMAs, Songwriters Hall of Fame, The Pixies, Fall Out Boy, Bonnaroo
Jason Aldean, Hozier Top Album Sales Chart
Quick Hits: Foo Fighters, Prince, Ariana Grande
Taylor Swift Taps Into the '80s For "Out Of The Woods"
Quick Hits: One Direction, Christina Aguilera / The Voice, Jack White, Kelly Clarkson, T.I., Wilco
Iggy Azalea Leads 2014 AMA Nominees
Quick Hits: Foo Fighters, Soul Train Awards, Iggy Azalea, Noel Gallagher's High Flying Birds, Alicia Keys & David Byrne, Forbes Under 30 Music Festival
THE WHO HITS 50! Tour Set For North America 2015
The Week In Review: 10/6-10/10
FMQB NOW

Chris P, PD
KRQQ & KMIY/Tucson

Advertisement:
Search FMQB.com
Advertisements:
FMQB Member Login
Email:
Pass:

Save
Not a member yet?
Sign up Now!
Sign Up for Breaking News!
Enter FMQB E-Tracking!