Bill introduced to save internet radio
If no action is taken, royalty rates on internet music broadcasts will jump significantly on May 15th, potentially putting many small netcasters out of business.
Among other things, the new bill would:
- Nullify the Royalty Board decision.
- Change the arbitration process for internet radio rate setting.
- Establish that the minimum annual royalty a netcaster has to pay can be no higher than $500.
- Set a transitional royalty rate that is the same as the rate paid by satellite broadcasters.