Friday, July 13, 2007

Internet Radio Gets a Reprieve

From Pitchfork:

According to Wired magazine's blog and confirmed by various sources, SoundExchange executive director Jon Simson promised Congress that his organization-- which collects the payments on these sound recording copyrights-- will not enforce the rate increase as long as a new deal is in the works between SoundExchange and the webcasters involved in the Copyright Royalty Board hearing. Additionally, the per-channel minimums which would've potentially crushed multi-channel sites like Pandora and Live365 are off the table, and the per-station minimum will be capped at $50,000 per year.
This is great news for anyone who streams music to survive their workday.

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