RIAA announces a royalty system for webcasts

Written by Jari Ketola @ 28 Nov 2000 14:05

The Recording Industry Association of America, RIAA, announced a new online royalty payment organization that will collect performance fees for music webcasts.

The organization, called SoundExchange, will allow copyright holders, record companies and artists, to receive royalty payments from "noninteractive" webcasts such as Internet radio play, but not from MP3 downloads or customized streaming services, for which labels and Internet companies must reach their own licensing deals.

Source:
Yahoo! News

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