Royalty rate negotiations between SoundExchange and webcasters are supposedly taking place. This, as a Sunday deadline fast approaches.
The February 15th deadline was set when Congress passed the Webcaster Settlement Act (H.R. 7084) in October, 2008.
The legislation gave SoundExchange and Internet radio broadcasters the legal authority to settle the webcaster royalty rate debacle for both the 2006-2010 and 2011-2015 terms after the previous Congress adjourned.
Right now, the only deal reached was with public broadcasters.
In January, public broadcasters settled with SoundExchange on a $1.85 million royalty payment for the 2006-2010 term.
The agreement involves over 450 public broadcasters, including NPR and CPB-supported stations. The deal also requires “usage reports,” detailing song and artist play, and for NPR to withdraw its appeal of the 2007 CRB royalty determination.
Nothing has been heard as of yet from the Digital Media Association (DiMA), from the NAB, or from Small Commercial Webcasters concerning an agreement with SoundExchange.
The only “agreement” from SoundExchange was a proposal, which I called in my previous blog, “blackmail.”
PERFORMANCE ROYALTY UPDATE!
A group of representative from the House have introduced legislation that would opposing any new performance royalty for broadcast radio.
The “Local Radio Freedom Act” was proposed by Representatives Gene Green (D-TX) and Mike Conaway (R-TX) and is backed by 110 cosponsors.
Read More About It Here!