Feds kill Internet Radio

From RAIN: Radio And Internet Newsletter: “The Copyright Royalty Board has announced its decision on Internet radio royalty rates, rejecting all of the arguments made by Webcasters and instead adopting the “per play” rate proposal put forth by SoundExchange (a digital music fee collection body created by the RIAA)…The math suggests that the royalty rate decision — for the performance alone, not even including composers’ royalties! — is in the in the ballpark of 100% or more of total revenues.” Which basically means that the Federal government just made it financially impossible for most independent Internet-based radio stations to exist. Way to go!

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