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Date: | Thu, 12 Jul 2007 20:34:52 -0700 |
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thaught I would pass this along
----- Original Message -----
From: Michael Weber
To: [log in to unmask]
Sent: Thursday, July 12, 2007 7:37 PM
Subject: [StationPlaylist] INTERNET RADIO SAVED!
Online Radio Is Saved; SoundExchange Will Not Enforce New Royalty
Rates on Sunday!
By Eliot Van Buskirk EmailJuly 12, 2007 | 7:35:30 PMCategories: Save
Net Radio
At today's Congressional hearing about the new rates for online radio
that would essentially destroy it (as readers of this blog already
know), SoundExchange, which was scheduled to receive the new royalty
payments on Monday morning (since the enforcement date falls on a
Sunday), made a startling statement.
The SoundExchange executive promised -- in front of Congress -- that
SoundExchange will not enforce the new royalty rates. Webcasters will
stay online, as new rates are hammered out.
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