Feds Agree To Rethink Internet Radio Royalties

FEDS AGREE TO RETHINK INTERNET RADIO ROYALTIES
[SOURCE: ConsumerAffairs.Com 3/22, AUTHOR: Martin H. Bosworth]
In response to protests against expensive new royalties for Internet radio broadcasts, the U.S. Copyright Review Board (CRB) has agreed to hear requests for a new hearing on the issue. The new payment structure was recently implemented by the CRB and created by SoundExchange, the royalty collections arm of the Recording Industry Association of America (RIAA). Under the new royalty structure, Internet-based radio stations and public radio channels would face hefty new payments that would increase each year, as well as mandatory minimum payments of $500. Critics of the plan have said the new royalty system would put independent Internet broadcasters out of business, as their royalty costs would far outpace any revenue they earn from their stations.
http://www.consumeraffairs.com/news04/2007/03/crb_internet_radio.html