:Internet radio sites, music industry reach agreement over royalties
Internet radio sites, music industry reach agreement over royalties Jul 9, 2009, 21 :33 UTC (0 Talkback[s]) (3135 reads) (Other stories by Jim Puzzanghera)
"The music won't stop for Internet radio after a group of webcasters struck an agreement with SoundExchange, the organization that collects royalties for musicians and record companies, over payments for playing music online.
"The settlement ends a 2 1/2 -year dispute that had threatened to silence the nascent Internet radio business and had forced some people who started online stations as a hobby to quit for fear of accruing expensive royalty bills.
"A series of agreements this year covering various sectors of the industry, including small webcasters and conventional radio stations that simulcast their broadcasts online, settled much of the controversy."
