The Webcaster Settlement Act deadline of February 15th passed, without an agreement settling streaming royalties.
Representatives of both Small Commercial Webcasters (representing AccuRadio and RadioIO), Digital Media Association (DiMA) members (representing Pandora and parent company, Live365), college broadcasters and religious broadcasters have been negotiating with SoundExchange since the middle of last year.
Right now, the only deal reached was with the National Association of Broadcasters. SoundExchange and the NAB reportedly reached an agreement on webcast royalties for commercial broadcasters’ simulcast and Internet-only online streams.
The agreement, which applies to 2009-2015, requires broadcasters to pay a “per-performance” fee (a “performance” is one listener hearing one song) of $0.0015 beginning this year. The rate will increase annually to $0.0025 per performance by 2015.
We are intently watching the procedures and any agreement will be reported here.