Copyright Ruling Worries Webcasters
An AP newswire article by Seth Sutel, via SFGate.com, reports that:
Internet music broadcasters worry that a new ruling could put many of them out of business by drastically increasing the royalty payments they have to make to record labels and artists.More here.
The new rates, which are retroactive to last year, were decided on Friday by the Copyright Royalty Board, a panel of three copyright judges, and made public Tuesday on the board's Web site.
The ruling could have the greatest impact on startup companies that make their living from broadcasting music online and selling advertising to pay for it. For large radio companies like Clear Channel Communications Inc. and CBS Corp., online broadcasting still makes up a relatively small portion of their overall business.
posted by Fergie @ 3/06/2007 08:04:00 PM
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