The more things change,
the more they stay the same
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.