Petteri Pyyny
27 Jul 2001 14:17
Some kind of solution is looming over the fight between webcasters and recording industry. Both parties are going to represent their arguments in before of Copyright Office's arbitration panel that should ultimately decide how much webcasters have to pay to recording industry for their licenses.
RIAA is suggesting rate of $0.004 for each streamed hour of music or 15% of the revenues of webcaster. In other hand webcasters -- including MTVi Group, Spinner and Launch Media -- are suggesting a rate of $0.0015 per each streamed hour of music.
Recording industry has been critized because many analysts feel that recording industry is forcing digital music companies to license music with ridiculously expensive deals in order to stay legal and stay in business. Many digital music companies are facing NASDAQ delisting or have already ceased their operations.