Online radio stations strike a deal for royalties; some business plans saved

July 7th, 2009 · by aaron

The future of Internet radio appears more secure after a handful of online stations reached an agreement Tuesday to head off a potentially crippling increase in copyright royalty rates.

As reported in Yahoo Tech, large commercial webcasters will pay copyright owners up to 25 percent of their revenue or a “per-performance” rate that is below the rates set by the Copyright Royalty Board. Smaller webcasters will pay either a percent of revenue or a percent of expenses.

The deal will give webcasters a chance to “flesh out various business models” and give artists and other copyright holders the opportunity to “share in the success their recordings generate.”

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Tags: General Info · News and Notes

 

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