RIAA, Digital Media Association Submit Joint Web Music Royalty Proposal

Authored by Mark Hefflinger on April 3, 2003 - 3:20am.

Washington -- The Recording Industry Association of America (RIAA), a group representing major record labels, and the Digital Media Association, which represents a group of webcasters, on Thursday submitted a proposal on industry-wide royalties that Internet radio services would pay to recording companies for use of their music in 2003 and 2004. Digital Media Association executive director Jonathan Potter called the agreement "a temporary band-aid that avoids millions of dollars of legal fees associated with a broken arbitration process, and thereby enables resources to be focused on high-quality programming that is enjoyed by millions of listeners." Additionally, Potter sided with lawmakers' efforts to reform the widely-criticized CARP (Copyright Arbitration Royalty Panel) process which set the rates that currently apply for Web music royalties.
http://www.digmedia.org/jointproposal.html
http://www.digmedia.org/Final%20DiMA%20Statement%204-3-2003.pdf
http://www.riaa.org