Dispute Threatens Net Radio Royalty Deal
Small Internet broadcasters and the music industry have agreed on a last-minute royalty-payment plan but a dispute between musicians and record labels threatens to scuttle the deal, sources said Sunday. Two weeks before “Webcasters” are due to begin royalty payments to the musicians and record labels whose songs they use, the online broadcasters have agreed to pay a rate of between 8 percent and 12 percent of revenues rather than a previously set per-song rate that many fear could drive them out of business, sources said. Larger Webcasters, such as America Online and Clear Channel Communications were not included in… Read more »
