Time Is Ripe For Congress To Tackle Web Radio Royalties
By Ryan Davis
Law360, New York (September 28, 2012, 9:26 PM EDT) -- Competing bills in Congress to close the wide gap in music royalty rates paid by Internet and satellite radio companies indicate some lawmakers are ready to tackle the controversial disparity, but it's too soon to tell which of two dramatically different approaches will gain traction, attorneys said.
Since the rates for Internet and satellite radio services are set according to different models, Internet radio services pay much more of their revenue in royalties. For instance, satellite provider Sirius XM pays about 8 percent of its gross...