Music Royalty Negotiations

The House and Senate sent the authorization bill to President Bush that allows SoundExchange to negotiate royalty agreements with webcasters on behalf of copyright owners and performers.

A lot is on the line for webcasters because the interested parties now have until February 15th to come up with a negotiated agreement that could reduce the high rates imposed by the Copyright Royalty Board.

These draconian rates have put a damper on Internet streamers causing many to close shop and others like Pandora to be concerned about whether they can operate in the future with a disproportionate amount of their total revenue going to&hellip