Large Webcasters, SoundExchange Propose Music Royalty Agreement

Authored by Mark Hefflinger on August 31, 2004 - 10:03am.

Washington -- The Digital Media Association (DiMA), a trade group of large music webcasters, announced that it has filed a joint petition with SoundExchange, the recording industry's digital royalty collection body, to renew the current webcasting royalty rates for the period of 2005-2006. The U.S. Copyright Office will publish the agreement and accept comments in its review of the proposed deal, which would eliminate the necessity of holding another contentious Copyright Arbitration Royalty Panel (CARP). The agreement would cover large webcasters including AOL, Microsoft, Yahoo and RealNetworks, while smaller webcasters would still be free to negotiate their own terms. "DiMA companies continue to believe that royalties paid by our industry to sound recording companies and artists are unfairly high and above-market-rate," said DiMA executive director Jon Potter. "Nevertheless, in the interests of focusing our industry's limited resources on the continuing effort to build profitable businesses and defeat piracy, DiMA has agreed to avoid arbitration and the associated costs for at least another year or two."
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http://www.kurthanson.com/archive/news/083104/index.asp
http://www.soundexchange.com