Net Radio May Get A Reprieve
Yesterday Congress began mulling new proposed legislation called the ‘Internet Radio Equality Act,’ which is designed solely to stop the controversial fee increase on net music that was decided on March 2 decision which puts royalty of a .08 cent per song per listener, retroactively from 2006 to 2010 on internet radio.
If signed into law the bill would set new rates at 7.5 percent of the webcaster’s revenue, which seems like a more fair way to charge broadcasters.
