MarketingVOX: A bill introduced by two Senators could wipe out a recent Internet radio royalty rate increase, reports PaidContent.
The bill, brought forth by Ron Wyden (D-OR) and Sam Brownback (R-KS), would?eliminate?a increase instituted by the Copyright Royalty Board, which ranges from 300 to 1,200 percent.
The Senate?bill would set rates for Internet radio?at equal measure?with?satellite radio, approximately 7.5 percent of revenue. It would also create unique?exceptions for non-profit stations such as NPR and college radio.
Traditional radio?typically?pays royalties to songwriters. The new CRB rules?will also require that Internet stations pay songwriters, record companies and recording artists.
Related stories:
- Net Radio Stations: 60 Days to Pay Royalties
- Appeal Filed to Halt New Internet Radio Royalty Rates
- More Ads May Not Save Internet Radio
- Internet Radio Hit Hard by New Rate Hikes
