Web Royalties Topic of Debate on Capitol Hill
Indie labels and artists’ reps hit Capitol Hill Tuesday in an 11th-hour bid to push through a new royalty rate that Webcasters will have to pay for music streamed on the Internet. Webcasters say the rate set by a special arbitration panel will put them out of business, and Wednesday morning will ask the Senate Judiciary Committee to intervene. The congressional hearing comes less than a week before Librarian of Congress James Billington is due to announce the official rate. The label executives mounting Tuesday’s counteroffensive on Capitol Hill said the record biz is willing to live with the proposed… Read more »