“A group of congressional representatives is rallying to support independent Webcasters, urging a federal arbitration panel to give them a fair royalty rate for online radio.
“The group on Monday asked that the U.S. Library of Congress and the Copyright Office make sure the arbitration panel’s proposed royalty fees would not stifle the industry, potentially forcing hundreds of small Webcasters out of business.
“The issue stems from a recommendation made by the Copyright Arbitration Royalty Panel (CARP) that would require Webcasters to pay record companies a fraction of a cent for every song they stream online. For larger companies such as AOL Time Warner, royalty fees would increase substantially, but it wouldn’t be crippling. For smaller Webcasters operating independently, the new fees could crush them financially, forcing them to silence their services.”
Click here to read the rest of the story at Cnet’s News.com.
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