Latest news I have seen is that the proposal from SoundExchange at the end of June has been rejected.
http://prod1.cmj.com/articles/display_article.php?id=41547312 > Net Radio Rejects SoundExchange's Offer > 2007-07-02 17:31:13.487, > Story by: Rachael Darmanin > > Last Friday afternoon, SoundExchange announced a voluntary cap on the > minimum royalty fees charged to webcasters, capping advance payments at > $2,500 per service no matter how many stations or channels one has. This > comes as the only change currently offered by SoundExchange to how the > July 15 ruling now stands, where currently webcasters are required to > pay a $500 minimum fee per station or channel. Even though negotiations > have been taking place with the Digital Media Association (DiMA) last > week, they responded to SoundExchange today stating that although they > agree to the cap, they do not agree to its time constraint. The > proposed capping would only last until 2008. > > "Any offer that doesn't cover the full term is simply a stay of > execution for Internet radio," said Jonathan Potter, executive director > of DiMA in a statement. "The looming 2009 billion-dollar threat is > destabilizing and inhibits investment and growth. A billion dollar > 'minimum fee' is equally absurd in 2006, 2007, 2008, 2009 or 2010. It > should be elimatedperiod." > > SaveNetRadio agreed, stating that it was "disappointed" in the claim > that SoundExchange has "successfully addressed" the royalty rate > problem. In a press release, the coalition said the proposal "falls > well short of even the lowest standard of a temporary fix." > > SoundExchange still stands by the July 15 rulingwhich will more than > double the current royalty ratesclaiming that the Copyright Royalty > Board judges are "fair" and "reasonable." The DiMA would prefer for > them to continue negotiations with them directly, rather than issue > press releases. -- Paul Webster Paul Webster http://www.lastfm.com/user/BondJamesBond ------------------------------------------------------------------------ Paul Webster's Profile: http://forums.slimdevices.com/member.php?userid=105 View this thread: http://forums.slimdevices.com/showthread.php?t=33447
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