SoundExchange, negotiating for the record labels, and webcasters struck a compromise announced yesterday that defines more reasonable royalty payments for a longer period of time -- 2006 (retroactively) to 2015.
There's no doubt that the compromise is better than the Copyright Royalty Board's initial verdict that would have seen webcasters paying the labels virtually 100% of their revenue or more.
Hey, that kind of makes 25% -- one quarter -- look good, right?
Not so fast.
If webcasters were dead with the last iteration of SoundExchange's taxation, they are only half dead now.
Dead nonetheless. Life in&hellip
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