The digital-music PRO SoundExchange, an organisation that represents US based labels on web issues, has reached an agreement with key commercial webcasters regarding royalties. From what we hear webcasting stations can choose to pay 0.0762 cents per performance, 1.17 cents per aggregate tuning hour or 10.9 percent of gross revenues. The new agreement doesn't affect noncommercial webcasters or simulcasts of "terrestrial" broadcasts – and smaller operations can choose to pay under the existing Small Webcasters Settlement Act agreement. On announcing the deal the RIAA's Steven Marks said: "This deal underscores our commitment to negotiate agreements that reward record labels andartists, while enabling us all to focus on delivering music to consumers."
Apr 4, 2003
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1 min read
Labels come to agreement with webcasters
SoundExchange has reached a royalty agreement with key commercial webcasters, with options of per-performance, per-hour or revenue-percentage payments.