Webcasters and SoundExchange Shake Hands

Webcasters and SoundExchange finally shook hands over a royalty deal. Looking at the terms, it looks like Webcasters got much of what they'd asked for.

It looks like Webcasters got exactly what they asked for. On Aug. 23, music industry rep SoundExchange and the Digital Media Association (DiMA), representing Web radio stations, shook hands over an agreement that will establish a $50,000 cap on royalty payments any given radio service has to make for spinning songs.

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