This is an update on the death of internet radio. Recently, a decision was made to increase internet radio royalty rates by as much as 1200% and for that increase to be back-dated to January 1st, 2007. In response, SaveNetRadio.org was created to fight the unfair rate hike. Millions of people have contacted senators and congressmen and their cries have been heard. For now there is a sigh of relief as a new deal is sought. Here is the story from savenetradio.org:
Congress and SoundExchange have heard loud and clear the amazing outpouring of support for Internet radio from webcasters, listeners and the thousands of artists they support. A commitment has been made to negotiate reasonable royalties, recognizing the industry’s long-term value and its still-developing revenue potential.
During negotiations SoundExchange committed temporarily not to enforce the new royalty rates so webcasters can stay online as new rates are agreed upon.
This development is due in great part to the millions of people who have let their Congressional representatives know about their support of Internet radio. Over 125 representatives have cosponsored the bill to this point.
We urge listeners to continue calling their Senators and Representative to ask them to co-sponsor the Internet Radio Equality Act. Thank you.
