Quote:
Originally Posted by mogui
Huh!? What is this?  |
Sorry... I missed this question. Thanks to lobbying by music labels believing internet radio is essentially robbing them of revenue, royalty rates for U.S. webcasters have been drastically increased by a recent Congressional ruling, and are due to go into effect on July 15 (retroactive to Jan 1, 2006!). These rates will require internet radio stations to pay about 300% to 1200% higher royalties for each song played (no lie!), driving most of them out of business.
Efforts are being made right now to reverse the process in Congress, with new bills that still require support to be passed. For more details (and if you are a U.S. citizen, to contact your Congressional Representatives), go to
www.savenetradio.org.