Music groups reach accord on royalties
Five music industry trade groups have reached what they call a breakthrough agreement on how royalties should be handled for streaming music online.
The groups, which represent record labels, music publishers, songwriters, and music Web sites, say their proposal would resolve what has been a source of strife between the music industry and Web sites that offer on-demand streaming services.
Under the agreement, sites like Napster and Imeem would have to begin paying royalties of about 10.5 percent of revenue. Download services like Amazon MP3 and iTunes already pay such fees. And online radio sites saw a major royalty hike last year. Pandora, one such site, may be on the brink of going out of business due to that rate increase, according to its founder, Tim Westergren.
The organizations involved were the Digital Media Association, the Nashville Songwriters Association International, the National Music Publishers Association, Recording Industry Association of America, and the Songwriters Guild of America.
They have submitted their plan to the Copyright Royalty Judges, a panel of copyright judges, for approval.
Jennifer Guevin is assistant managing editor of CNET News. She focuses on science and green tech. But she also makes the occasional contribution to CNET's kitchen gadgets blog or writes about the latest Web distraction. Once a week, she takes the mic as host of CNET's Daily News Podcast. E-mail Jennifer. 
-- UPDATE: My question has been answered: NO.
http://www.latimes.com/business/la-fi-techblog24-2008sep24,0,4997943.story
- by mfvrdotorg September 24, 2008 10:16 PM PDT
- Interesting evolution that concerns us all. I would expect a new wave of
- Reply to this comment
-
(5 Comments)enforcement actions online and a continued wave of non-payments to writers by
publishers ;)))