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Temporary internet radio royalty agreement reached

Written by Rich Fiscus (Google+) @ 13 Jul 2007 17:29 User comments (9)

Temporary internet radio royalty agreement reached Internet broadcasters reportedly reached a temporary deal with royalty payment collectors that would put a $50,000 cap on royalty fees and delay the collection of those fees for an undetermined period of time. Congress also stepped in with the introduction of a bill that would postpone the implementation of the new fee schedule until Sept. 13.
The fees were initially supposed to go into effect on May 15, but the CRB extended that deadline to July 15. The U.S. Court of Appeals for the D.C. Circuit on Wednesday rejected a request to delay that deadline a second time.

House Small Business Committee Chairman Nydia Velasquez, D-N.Y. and ranking Republican Steve Chabot of Ohio on Thursday introduced H.R. 3015, which would delay the CRB's Internet radio royalty rate decision by 60 days, until September 13.

"A commitment has been made to negotiate reasonable royalties, recognizing the industry's long-term value and its still-developing revenue potential," according to a Friday post on SaveNetRadio.org, a coalition of Internet broadcasters.

Source: PC Magazine

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9 user comments

113.7.2007 18:18
webe123
Inactive

"responsible royalties"? What a stupid way to say they just want to shut down small internet radio stations!

213.7.2007 18:23
WierdName
Inactive

Well at least there will still be internet radio. Now what about standard radio?

314.7.2007 14:25
Cirric
Inactive

Hi all. Is this going to save iTunes some money? Sites such as Pandora (a good site that I personally like) may become extinct.

416.7.2007 4:03

Woo-hoo! Now I get to listen to 20 minutes of comercials for every hour worth of music on the radio too!

516.7.2007 14:27

Originally posted by Cirric:
Hi all. Is this going to save iTunes some money? Sites such as Pandora (a good site that I personally like) may become extinct.
This has nothing to do with Itunes. Itunes is just a program / webstore. Pandora and other major sites will be saved if they can be capped out at $50,000. However, I don't believe its fair by anymeans for the $500 min.

617.7.2007 7:18
Cirric
Inactive

Hi. By "iTunes" I meant their 'online Radio' feature. They stream many stations and I am curious if the stations will pick up the bill or if iTunes will.

717.7.2007 16:44

The whole Temp part is a bit fishy to me :) I would like to see how this unfolds.

821.7.2007 9:02

These politicians search for anything they can to put a tax on it.This country is getting ridiculously out of hand with taxing every dang thing they possibly can.If they can see it,touch it, breath it,or smell it lets tax it.

918.8.2007 12:02

This really makes me wonder whether they make more money off of sales or from fees.

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