Internet Broadcasters Strike Deal On Royalty Rates

Law360, New York (August 27, 2007, 12:00 AM EDT) -- A digital media association has struck a deal with the organization in charge of collecting royalties to put a cap on rates imposed on Internet music broadcasters.

SoundExchange, the nonprofit performance rights group and royalties collector, announced last week that it had agreed to place a $50,000-per-service roof on the minimum Internet broadcasting fees that a panel of judges set in March.

The pact applies only to broadcasters that have signed it, including SoundExchange and DiMA members. However, the two groups said they would submit the...
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