Financial Relief To Smaller Webcaster

The US House of Representatives passed a bill Monday which would give financial relief to small Internet radio broadcasters threatened by recording-industry royalty extortion.




Rather than the industry’s preferred per-play fee, the bill would assess costs based on the Webcaster’s revenues. Those making less than $250,000 per year would pay ten per cent of revenue or seven per cent of expenses, whichever is greater. Those making between $250,000 and $500,000 would pay twelve per cent of revenue or seven per cent of expenses, whichever is greater.




Story from TheRegister.co.uk

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