Home › DMW Daily › February 9, 2009

SoundExchange Offers New Royalties Settlement to Webcasters

Authored by Mark Hefflinger on February 9, 2009 - 1:00pm.
Washington - SoundExchange, the entity set up by the major labels to collect and distribute digital music royalties, has proposed a new settlement offer to smaller webcasters in advance of a Feb. 15 deadline under last year's Webcaster Settlement Act, Billboard reported.

Under the proposal, which would run through 2015 and be retroactive from 2006, "microcasters" -- generating less than $5,000 in annual revenue -- would pay a minimum annual payment of $500 and a $100 "proxy fee."

Webcasters earning less than $50,000 annually would pay a minimum of $2,000, and those making more than $50,000 would pay a minimum of $5,000.

In addition, webcasters would pay licensing fees based on their monthly aggregate tuning hours.

The "small" webcaster rate would be void if a webcaster exceeds 5 million aggregate tuning hours a month, or generates annual revenues of more than $1.35 million a year.

"We're disappointed with the offer," Rusty Hodge, founder of Web radio firm SomaFM, told Billboard.

"It effectively is worse that the previous [one]. Basically SoundExchange has done nothing to compromise with webcasters at all."

 

Related Links:
http://snipurl.com/blcer (Billboard)

http://www.soundexchange.com

Published in DMW Daily, February 9, 2009
tags: Law | Policy | Music | SoundExchange | Webcasting | CRB |



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