Today the otherwise preoccupied Senate quickly passed the Webcaster Settlement Act many of you petitioned for, granting Pandora and other net radio services the right to negotiate royalties with the record industry's SoundExchange coalition for the years 2006 to 2015. OK, that's a mouthful—what it means is, they will likely not be driven to bankruptcy due to unreasonable royalty rates. I say "likely" because they still need to dot i's and cross t's on the royalty deal itself, but here, Congress approved their ability to do that, and just in the nick of time. Anyway, the world itself may be collapsing, but at least you know our legislators listened to your pleas to keep your favourite web radio broadcasters in business. [Digital Media Association]
Pandora and Other Webcasters Saved By Act of Congress
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