Threatened Internet Radio Granted Reprieve
Internet radio broadcasters woke up yesterday morning thinking that it would be a matter of days before financial Armageddon. On May 15th, earlier rulings of the Copyright Royalty Board (CRB) were to go into effect, raising fees and royalties by a whopping 300%, sufficient to bury many internet broacasters and to make PBS worry.
Internet radio broadcasters caught a break in their struggle against higher music royalties as a deadline for paying fees under the new system was postponed by two months, to July 15.
Meanwhile, U.S. Reps. Jay Inslee (D- Wash) and Don Manzullo (R-Ill)introduced the Internet Radio Equality Act (H.R.2060) attempts to provide royalty parity for Internet Radio Providers by invalidating the CPB's decision and applying the same royalty rates to commercial internet radio, satellite radio, cable radio, and jukeboxes.