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Web radio royalty rate for songs criticized
In a decision criticized by both Webcasters and the recording industry, a government official Thursday ruled that Internet radio stations must pay royalty rates that are 50 percent less than proposed by a federal panel. Librarian of Congress James H. Billington has ruled that all Webcasters will have to pay 0.07 cents per song per performance, compared with the 0.14 cents per song per performance recommended by a federal arbitration panel in February. But Billington stunned Webcasters by flatly rejecting their call for royalty rates that are based on a percentage of revenues. While the recording industry said Billington’s decision… Read more »