Alternate Rates and Terms To The Copyright Royalty Board Determination
SoundExchange recently came to an agreement with certain large webcasters regarding the minimum fees that were modified by the recent determination of the Copyright Royalty Board on May 1, 2007. While their decision imposed a $500 per station or channel minimum fee for all webcasters, certain webcasters represented through DiMA negotiated a $50,000 "cap" on those fees.
SoundExchange also recently offered alternative rates and terms to certain eligible small webcasters, that allows them to calculate their royalties as a percentage of their revenue or expenses, instead of at a per performance rate.
These developments directly attend to some of the concerns prompting the creation of the proposed IREA, namely the "uncapped" $500 minimum fee, and the ability to assess liability at a rate other than the CRB determination.
Read more about this topic: Internet Radio Equality Act
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