Over at our sister blog, Read/WriteWeb, Josh Catone reports: “Net radio broadcasters have reached a deal with SoundExchange, the group that collects royalty fees for record labels, that will put a $50,000 cap on royalties for individual broadcasters. The cap will apply to broadcasters as a whole. Individual channels will be subject to a $500 minimum, but services like Live365 and Last.fm that broadcast thousands of channels will only pay up to the $50,000 ceiling.”
Continue reading “Internet Radio saved – for now” over at Read/WriteWeb ยป
Good deal – though it would be better if SoundExchange would just use more reasonable rates.