Internet Radio Gets a Lifeline as Webcasting Bill Passes the House

Iria · Sep 29, 2008, 03:51 AM

Since Congress mandated increased royalties last year for Internet radio "stations" webcasters like Pandora have been struggling to stay in business. On Friday, things reached a climax as the House of Representatives was nearing a vote on bill H.R. 7084, the Webcaster Settlement Act, which would allow Internet radio stations to negotiate with the music industry for a royalty rate lower than Congress' mandated rates.
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Source: Tech-Ex

Sep 29, 2008, 03:51 AM	#1
Iria DriverHeaven Extreme Member Join Date: Apr 2004 Posts: 7,275 Rep Power: 89	Internet Radio Gets a Lifeline as Webcasting Bill Passes the House Since Congress mandated increased royalties last year for Internet radio "stations" webcasters like Pandora have been struggling to stay in business. On Friday, things reached a climax as the House of Representatives was nearing a vote on bill H.R. 7084, the Webcaster Settlement Act, which would allow Internet radio stations to negotiate with the music industry for a royalty rate lower than Congress' mandated rates. _______________ Source: Tech-Ex