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June 30, 2007 | From Bloomberg News
The music industry offered to cut some of the new royalty fees on Internet radio broadcasters that are scheduled to take effect July 15 in a bid to end a dispute between the two sides. Internet broadcasters would pay $2,500 per service to labels and artists regardless of how many channels they operate, SoundExchange Inc., a royalty collection arm of the industry, said. The Copyright Royalty Board had ruled that Webcasters should pay $500 per channel. The Digital Media Assn.
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BUSINESS
June 30, 2007 | From Bloomberg News
The music industry offered to cut some of the new royalty fees on Internet radio broadcasters that are scheduled to take effect July 15 in a bid to end a dispute between the two sides. Internet broadcasters would pay $2,500 per service to labels and artists regardless of how many channels they operate, SoundExchange Inc., a royalty collection arm of the industry, said. The Copyright Royalty Board had ruled that Webcasters should pay $500 per channel. The Digital Media Assn.
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