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:: Agreement Reached to Remove Billion Dollar Threat to Webcasters

By: Darrin Snider (darrin at indyintune dot com)
Thursday, August 23, 2007 10:30:00 PM

  

For Immediate Release

Contact: Jake Ward (SaveNetRadio)
(202) 420-8056

Dima and SoundExchange Set Annual Minimum Fee


WASHINGTON D.C. -- The SaveNetRadio coalition of webcasters, net radio listeners, and the artists they support has announced its endorsement of an agreement reached between the Digital Media Association and SoundExchange today that will establish a $50,000 per service cap on the "$500 per channel minimum royalty."

"We are encouraged by today's announcement," Jake Ward, a spokesperson for the SaveNetRadio coalition said. "This agreement is a clear sign of progress in the ongoing negotiations between webcasters and SoundExchange and a very good first step toward a viable solution, but it is just the beginning. As the negotiation of recording royalty rates and terms continues, SaveNetRadio urges everyone involved to work in good faith toward a resolution.

The agreement would also require that:

  • Webcasters provide SoundExchange with a comprehensive and accurate annual record of songs performed,
  • SoundExchange and DiMA will form a committee to evaluate the issue of streamripping

For more information on the SaveNetRadio coalition visit www.savenetradio.org



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