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 Introduces On Demand Services iHeartRadio Plus & iHeartRadio All Access
2016 NAB Marconi Radio Award Winners Announced
September 22, 2016
Ray Nelson Joins Cumulus As VP/Market Manager, Huntsville, AL
Britney Spears Headlines An All-Star Lineup For B96/Chicago's Jingle Bash
Concord Music Group Appoints Tom "Grover" Biery SVP/Digital Marketing, Strategy and D2C
B98.5 & Melissa Carter Celebrate Atlanta Pride 2016
September 21, 2016
iHeartMedia Honolulu Unveils On-Air Lineup For 93.9 The Beat
Cumulus Brings "Zazza Mornings with Cheree" To WZNS/Fort Walton Beach & WABD/Mobile
New ASCAP Digital Team To Transform Services For Members, Licensees
In Brief - September 21, 2016
September 20, 2016
Report: Pandora Tops Rapidly Changing US Music Streaming Market
2016 iHeartRadio Music Festival Superstar Presenters and Attendees Revealed
CBS Radio Renews Content and Distribution Agreement with Westwood One
WODS/Boston Presents 103.3 AMP Radio's Electric Bounce House
September 19, 2016
NuVoodoo Ratings Study: Radio Station Contests Have A Problem
Big Boy Annouces Real 92.3/Los Angeles' "The Real Show"
NAB: FM Chip in Smartphones Data For North America
September 16, 2016
Pandora and Warner Music Group Announce Direct Licensing Agreement
Throwbacks Come To Peoria On WNGY (G102.3)
Nielsen Appoints Haley Jones Director Of Radio
September 15, 2016
Pandora Rolls Out Pandora Plus
Myrtle Beach’s Star 92.1 Becomes Energy 92.1
iHeartMedia Denver names Ryan Cline SVP/Sales & Michael Souza SVP/Strategic Partnerships
Nielsen To Deliver All-Electronic Measurement To Local TV Markets in 2017
Music News
Metallica to Perform on The Howard Stern Show
The Weeknd Releases New Single with Daft Punk
FMQB Photo Pass: AC/DC
Beyoncé to Headline Charity Tidal X Concert
Quick Hits: The Weeknd, Metallica, Lady Gaga, Chance the Rapper & Kanye West, Tori Amos
Quick Hits: Prince, Mariah Carey, AC/DC
Five New Debuts in Billboard 200's Top Ten
Quick Hits: RHCP, Lady Gaga, Bon Jovi, Green Day
Quick Hits: Prince tribute concert, Coldplay, Billie Joe Armstrong
Lady Gaga's New Album Joanne Arrives October 21
FMQB Retro-Active: Ken Sharp Reviews Jeff Lynne's ELO Live In Concert and Chats with the Unique Performer
Quick Hits: DNCE, Tom Morello & Global Citizen: The World On Stage
Lady Gaga Scores Massive #1 Most Added Honors At Radio
Quick Hits: Snoop Dogg & Zayn
Travis Scott Debuts at #1 on Billboard 200
FMQB NOW

          Question Of
           The Week

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!