Public Radio Stations, SoundExchange Set Webcast Royalties

Authored by Mark Hefflinger on August 11, 2009 - 11:35am.

Washington - SoundExchange, the recording industry entity set up to collect and distribute digital music royalties, announced on Tuesday that it has reached an agreement with the Corporation for Public Broadcasting (CPB) on webcasting royalty rates for public radio stations through 2015. Under the deal, CPB will pay SoundExchange a total of $2.4 million for the term 2011-2015, based upon anticipated usage, with additional payments to be made if usage exceeds expectations.

SoundExchange maintained that the rates "do not reflect a market value for music," and "are intended to accommodate the special circumstances faced by this group of stations."

"This continuing partnership allows music fans to experience a greater diversity of music, while allowing artists and rights holders the ability to share in revenues generated from music lovers who tune in to hear great recordings," said SoundExchange executive director John Simson.

Last week, SoundExchange announced separate webcasting royalty rate deals with Sirius XM, College Broadcasters and the National Religious Broadcasters Music License Committee.

Related Links:
http://www.soundexchangeblog.com/?p=251

http://www.cpb.org

http://www.soundexchange.com