Long Live Web Radio! (Maybe)

A proposal from music industry representative SoundExchange promises lower royalty rates for smaller Web radio stations. If accepted, the deal will mean that these smaller Webcasters won't go out of business, at least until 2010.

Yesterday, SoundExchange, an organization that’s in charge of collecting royalties for music labels, has effectively extended an olive branch to small Web radio broadcasters, which have claimed that higher, recently established royalty rates would drive them out of business. Now, SoundExchange is offering to extend the old, lower rates through 2010.

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