The Copyright Royalty Board delivered a severe blow to Internet radio operators Monday when it upheld its earlier decision regarding royalty rates that must be paid to artists for music played online. The result is — unless Congress intervenes — royalty rates webcasters must pay will increase on May 15 between 300 and 1,200 percent, retroactive to January 2006. As a result, “the very large majority of Internet radio stations will go bankrupt,” Jonathan Potter, executive director of the Digital Media Association, told TechNewsWorld.
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Internet Radio Dealt Potentially Fatal Blow
Posted by: Katherine Noyes April 17, 2007 10:47 AMThe Copyright Royalty Board delivered a severe blow to Internet radio operators Monday when it upheld its earlier decision regarding royalty rates that must be paid to artists for music played online. The result is — unless Congress intervenes — royalty rates webcasters must pay will increase on May 15 between 300 and 1,200 percent, retroactive to January 2006. As a result, “the very large majority of Internet radio stations will go bankrupt,” Jonathan Potter, executive director of the Digital Media Association, told TechNewsWorld.