August 24, 2007 1:57 PM PDT

Internet radio gets a second wind

by Harrison Hoffman
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Internet radio may be saved, for the time being. The Digital Media Association (webcasters) and SoundExchange (record royalty collectors) have reached an agreement to set the royalty cap at $50,000 per service and a minimum of $500 per channel. This is great news for the entire internet radio industry which has been on the brink of extinction over the summer. It is also absolutely a big victory for the SaveNetRadio Coalition who has been pushing Congress and SoundExchange to help keep internet radio in business. Lastly, it's great news for consumers. It would have been a tragedy to see great sites like Pandora, Last.fm, SHOUTcast, and Live365 go under because of royalty costs.

via Read/Write Web

Harrison Hoffman is a tech enthusiast and co-founder of LiveSide.net, a blog about Windows Live. He is a member of the CNET Blog Network, and is not an employee of CNET. Disclosure.
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About The Web Services Report

Harrison Hoffman is a tech enthusiast and co-founder of LiveSide.net, a blog about Windows Live. The Web Services Report covers news, opinions, and analysis on Web-based software from Microsoft, Google, Yahoo, and countless other companies in this rapidly expanding space. Hoffman currently attends the University of Miami, where he studies business and computer science.

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He is a member of the CNET Blog Network and is not an employee of CNET. Disclosure

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