Friday, April 25, 2014
Advertisement:
What is RSS/XML?
Subscribe to FMQB News.

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
CC Media Holdings Reports Flat Q1 Results
SiriusXM Reports 11% Increase In Q1 Revenue
Nielsen Q1 Revenue Up 13%
Apple Reports Q2 Revenue Of $45.6 Billion
In Brief - April 24, 2014
FMQB FYI... Links You Should Know About
April 23, 2014
Jelli Launches Record Number Of Radio Stations On Its Ad Platform In Q1 2014
Matt Siegel Extends Contract With Kiss 108/Boston Through 2018
In Brief - April 23, 2014
April 22, 2014
CCM+E Announces New iHeartRadio Networks
Emmis Announces Investment in Funkmaster Flex
In Brief - April 22, 2014
April 21, 2014
Major Labels Sue Pandora Over Pre-1972 Songs
NBC And Clear Channel Celebrate Music's Biggest Stars At First Ever iHeartRadio Music Awards
Tanch Named Afternoon Host and APD At KHTP/Seattle
In Brief - April 21, 2014
April 17, 2014
Report: Two-Thirds See Radio As Local
L & L And Alpha Merge As Alpha Media
In Brief - April 17, 2014
FMQB FYI... Links You Should Know About
April 16, 2014
BIA/Kelsey Says "The Internet Radio Revolution Has Arrived"
In Brief - April 16, 2014
April 15, 2014
Alan Chartrand Named Market President For CCM+E-Boston
CBS Radio New York SVP Market Manager Don Bouloukos To Retire
Music News
Katy Perry Offers "Birthday" Surprise
Quick Hits: Lenny Kravitz, Nas, Nicki Minaj, Neil Young, Duran Duran & John Frusciante, Arctic Monkeys
Frozen Staves Off Arrival Of Four New Debuts
Quick Hits: Beyoncé & Boots, Coldplay, Wiz Khalifa, Saturday Night Live, Jack Johnson, Boston Calling Festival
Eminem, Pearl Jam & Outkast To Headline ACL Music Festival
FMQB Photo Pass: Christina Perri
Quick Hits: Lorde, Kings of Leon, Katy Perry, Jack White, Outkast
More Surprises At Coachella's Second Weekend
Quick Hits: Miley Cyrus, Prince, Gwen Stefani, Christina Aguilera, Guns N' Roses, Foo Fighters, Little Mix, Broken Bells, Maxwell
Prince And Warner Bros. Records Unveil New Partnership
Grohl & Novoselic Talk Nirvana's Hall Of Fame Night
Quick Hits: Coldplay, Forbes' wealthiest rappers, American Idol, Beck, The Whigs
AC/DC Will "Continue To Make Music"
Frozen Soundtrack Still Rock Solid In Sales
Quick Hits: Miley Cyrus, Jay Z & Beyonce, Made In America festival, Paul McCartney, The Who, Golden Gods Awards
FMQB NOW

Nick Petropoulos
Glassnote Entertainment
Group

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!