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Judge Backs Online Music Royalty Rate Worth $100M

Law360 (May 1, 2008, 12:00 AM EDT) -- A federal judge on Wednesday issued a payment formula for online music license fees that could require Time Warner Inc., RealNetworks Inc. and Yahoo Inc. to pay up to $100 million in royalties to thousands of songwriters and publishers.

Judge William C. Conner of the U.S. District Court for the Southern District of New York established the fee formula at the request of the American Society of Composers, Authors and Publishers, after the three Internet service providers and the trade group failed to arrive at fee...
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