Progress on net radio.
Aug. 24th, 2007 04:04 pmLooks like there is some success in the SaveNetRadio front.
From Businessweek.com:
It looks like Webcasters got exactly what they asked for. On Aug. 23, music industry rep SoundExchange and the Digital Media Association (DiMA), representing Web radio stations, shook hands over an agreement that will establish a $50,000 cap on royalty payments any given radio service has to make for spinning songs
This agreement looks OK from a cursory standpoint, but it does not mean that there is immediate relief for small broadcasters. Even though the royalty cap is in place, the minimum royalty rate, per channel, still stands at $500. Even NPR, which has several webcasts, will still have to add 50 grand to their budget just in case.
According to the press release [.pdf], all webcasters -- even if they are not members of SoundExchange -- will need to document every song played, subject to audit. Non Sound Exchange members are also subject to the fees listed above.
It's nowhere near as bad as it cold have been, but it could be better. How about every broadcaster pay the minimum, regardless of number of stations? This way everyone p(l)ays on a level field and sticking to the minimum still encourages small web broadcasters to stay on the air. Let's see if more progress can be made.
From Businessweek.com:
It looks like Webcasters got exactly what they asked for. On Aug. 23, music industry rep SoundExchange and the Digital Media Association (DiMA), representing Web radio stations, shook hands over an agreement that will establish a $50,000 cap on royalty payments any given radio service has to make for spinning songs
This agreement looks OK from a cursory standpoint, but it does not mean that there is immediate relief for small broadcasters. Even though the royalty cap is in place, the minimum royalty rate, per channel, still stands at $500. Even NPR, which has several webcasts, will still have to add 50 grand to their budget just in case.
According to the press release [.pdf], all webcasters -- even if they are not members of SoundExchange -- will need to document every song played, subject to audit. Non Sound Exchange members are also subject to the fees listed above.
It's nowhere near as bad as it cold have been, but it could be better. How about every broadcaster pay the minimum, regardless of number of stations? This way everyone p(l)ays on a level field and sticking to the minimum still encourages small web broadcasters to stay on the air. Let's see if more progress can be made.