U.S. Copyright office sets Webcaster royalty rates

[Dave Farber <dave () farber net>]

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Date: Tue, 10 Feb 2004 20:31:12 -0500
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From: Monty Solomon <monty () roscom com>

     U.S. Copyright office sets Webcaster royalty rates
     - Feb 10, 2004 06:54 PM (Reuters)

By Sue Zeidler


LOS ANGELES, Feb 10 (Reuters) - The U.S. Copyright Office
has published long-awaited royalty rates for Web music
broadcasts, ending a year-long process marked by legal and
financial wrangling, the group named to handle the royalties
said on Tuesday.


Regulations published on Feb. 6 essentially rubber-stamped
a resolution reached last April between online music
broadcasters and the Recording Industry Association of America,
the industry trade group for big record labels like Time Warner
Inc.'s (NYSE:TWX) Warner Music and Vivendi Universal's (NYSE:V)
<EAUG.PA> Universal Music.


In addition to setting rates for the 2003-2004 license
period, the Copyright Office also named SoundExchange -- a
former RIAA arm spun off as a separate non-profit group
in September 2003 -- as the sole designated agent to collect
and distribute royalties from Webcasters and new online
subscription services.


The recording industry and Webcasters finally agreed on a
proposed 0.0762 cents per performance or 1.17 cents per
aggregate hour tuned in for free, advertising-supported
services. Webcasters had opposed other rates suggested by the
RIAA, saying they would put them out of business.

...

     - http://finance.lycos.com/home/news/story.asp?story=40519503

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