SWSA

SoundExchange Offers Small Webcasters Reprieve on New Royalties

Authored by Mark Hefflinger on May 22, 2007 - 1:31pm.

Washington - SoundExchange, the record industry entity that collects and distributes digital music royalties, announced on Tuesday an offer to extend the terms of the Small Webcaster Settlement Act (SWSA) through 2010, in a response to Congressional pressure to reach a compromise on the new royalty rates for streaming music set recently by the Copyright Royalty Board (CRB).