CONGRESS APPROVES ROYALTY DEAL WITH WEBCASTERS


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Posted by CCAFE-FWD: From Edupage (64.75.147.187) on November 16, 2002 at 12:40:41:


CONGRESS APPROVES ROYALTY DEAL WITH WEBCASTERS
Both houses of Congress have passed a bill outlining the terms of an
agreement reached between the recording industry and Webcasters. The
agreement allows copyright owners to charge royalty rates different
from those established by the U.S. Copyright Office in June. Many small
Webcasters has complained that paying those rates would have put them
out of business. SoundExchange, the company that collects royalty
payments, is free under the terms of the bill to establish lower
royalty rates for small Webcasters. The bill also gives noncommercial
Webcasters a six-month extension for paying retroactive royalties.
Associated Press, 15 November 2002 (registration req'd)
http://www.nandotimes.com/technology/story/621270p-4775485c.html


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