CRB sets satellite radio royalty rates.
and guess what? They're lower than internet radio!
AP is reporting:``Satellite Radio will pay a performance license rate of 6 percent of certain revenue this year for sound recordings played over its network, according to Copyright Royalty Board decision`` and ``also will pay a performance license rate of 6 percent of gross revenue subject to the fees for 2008, which will then increase by 0.5 percent annually before reaching 8 percent in 2012.``
Just to put that into context, Net Radio up until 2006 paid 10-12% of their revenue. And of course, unless we get a deal from SoundExchange that's codified by Congress, most net stations are going to pay what amounts to 300-600% of their revenues. That's right: 3-6 TIMES their revenues.
Perhaps it is time to start turning up the heat on Congress again to do something?
Labels: copyright, crb, dmca, internet radio, IREA, legislation, rates, riaa, royalties, sirius, small webcasters, soundexchange, webcasting, xm
posted by Rusty Hodge at
Tuesday, December 04, 2007
3 Comments:
It's all about the FCC governance of regular radio, if that goes they will have nothing to govern. The government is greedy and want everything and anything that they can get their money grubbing hands on, and if this means reaching into the free internet market and choking the life out of that too....
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How about running SomaFM from a country that doesn't have silly laws like this? Norway or something perhaps..?
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