Shaker Katherine has informed us of the eleventh hour negotiations underway to help save internet radio webcasting. As of yesterday, new (and very high) royalty rates from the Copyright Royalty Board would’ve gone into effect this coming Sunday. These new rates would easily cripple many internet radio broadcasters and effectively shut them down.
Today, an agreement was reached between the broadcasters and the labels to temporarily hold off on the rate hike until a new royalty agreement could be sorted out. Apparently, the outcry of people in support of the Internet Radio Equality Act made the CRB think twice about what they were doing.
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