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Tuesday, April 08, 2003
Internet radio sides agree on royalty rates
The recording industry and Internet music broadcasters hope a new agreement will prevent a repeat of their recent battle over online music royalties, allowing them to focus instead on providing better music services for consumers. The two sides agreed Thursday on how much big webcasters like Yahoo!, America Online, Microsoft and RealNetworks must pay to broadcast songs over the Internet during 2003 and 2004. The new deal, if approved by the U.S. Copyright Office, will allow the two industries to avoid a lengthy arbitration process to set the royalty rates.
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