Webcasters strike song royalty deal

July 07, 2009 SoundExchange has reached an agreement on the long-simmering Webcaster royalty dispute with several Internet radio services that dramatically reduces the per-stream payments from those set by the Copyright Royalty Board in March of 2007. The new agreement is aimed at "pure-play" services, defined as webcasters who make most of their money from Internet radio operations. Under the deal, these services would pay either the new per-stream rates or 25% of their gross U.S. revenues, whichever is greater, if they make $1.25 million or more a year, with a $25,000 per-year minimum payment.

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