Webradio Reversed Payola Fees Set
07/08/2009
.
(Reuters) Artists and record labels reached an agreement on Tuesday with Internet radio companies over royalty rates, resolving a dispute that dates back more than two years over how to divvy up revenue from streaming music on the Web.The deal establishes a two-tier royalty payment system for companies -- such as the popular service offered by Pandora Media Inc -- that broadcast music over the Internet. The agreement calls for large webcasters to pay artists and copyright owners a percentage of all U.S. revenue up to 25 percent or on a per-song basis, which ever is greater. Smaller webcasters -- with revenue of less than $1.25 million -- will pay a smaller percentage under a different formula. - more on this story
[an error occurred while processing this directive]
Click here to read today's full report
Preview and Purchase Shoot Ourselves in the Foot CDs
Shoot Ourselves in the Foot Tour Dates/Tickets
Shoot Ourselves in the Foot MP3 Downloads
| Was it Good for you? Please Fark it!, Stumble It, Digg it or more! |
 |
 |
 |
 |
| Fark | Stumble Upon | Digg | Facebook |
|
tell a friend about this article know of a news item we should cover?  antiMUSIC News featured on RockNews.info and Yahoo News
.
...end | 
