Looks like there's finally an agreement in place to permit internet radio stations to operate profitably. The New York Times reported this morning that SoundExchange has agreed to a royalty plan. Under the new arrangement, webcasters with revenues in excess of $1.25 million will pay a per-song fee ranging over time from .08 to .14, or 25% of revenue, whichever is greater.Our old friend Tim Westergren said "This is definitely the agreement we've been waiting for."
2 comments:
Its really interesting...
Thank you..
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Richard
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