Librarian of Congress rejected today Copyright Arbitration Royalty Panel's recommendations for webcasting royalty rates.
Librarian of Congress based its rejection on recommendation from Register of Copyrights. Now the U.S. law states that LoC has to issue its final determination by 20th of June, 2001 about the issue.
Currently we don't know if this is a good thing or a bad thing for webcasters -- the proposed royalty rate was too high, webcasters say, and would have killed vast majority of webcasters. But LoC could've rejected the proposal also because it felt it was too low, as RIAA suggested.
Currently we don't know if this is a good thing or a bad thing for webcasters -- the proposed royalty rate was too high, webcasters say, and would have killed vast majority of webcasters. But LoC could've rejected the proposal also because it felt it was too low, as RIAA suggested.
