Under the new agreement, there will be rate classes: Larger “pureplay” services will pay the top rate, 25% of total revenue.
They must also agree to provide more comprehensive reporting about
the sound recordings used than regulations currently require, according
to the statement.
Through 2014, small pureplay Webcasters will have the option http://www.silverjewelleryukshops.com/
of paying the greater of a percentage of revenue or a percentage of
expenses and in certain circumstances have less stringent play list
reporting requirements in return for payment of an additional “proxy
fee.”
Bundled, syndicated or subscription services will pay per-performance
fees that are the same as those contained in an agreement concluded
earlier in the year by SoundExchange with the National Association of
Broadcasters.
All pureplay Webcasters would pay an annual minimum fee of $25,000 that can then be applied to their royalties owed.
Today’s announcement follows agreements concluded earlier in the year
by SoundExchange with the National Association of Broadcasters for
over-the-air radio stations Thomas Sabo UK that stream on the Internet, with the Corporation for Public Broadcasting and with other small commercial Webcasters.
“This is good for music,” said Dennis Wharton, the executive vice
president of the National Association of Broadcasters. “It sets a rate
where artists will receive royalities for the music they produce.”
Wharton said although these “pureplay” Webcasts are popular, he
doesn’t see this decision affecting local radio stations. He said the
235,000,000 people who listen to the radio every day will probably stick
with it. “It’s hard to beat a free and local option,” he said. First
Published: July 7, 2009: 9:29 PM ET
Market indexes are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer
LIBOR Warning: Neither BBA Enterprises Limited, nor the BBA LIBOR
Contributor Banks, nor Reuters, can be held liable for any irregularity
or inaccuracy of BBA LIBOR. Disclaimer.
Morningstar: 2012 Morningstar, Inc. All Rights Reserved. Disclaimer
The Dow Jones IndexesSM are proprietary www.silverjewelleryukshops.com
to and distributed by Dow Jones Company, Inc. and have been licensed
for use. All content of the Dow Jones IndexesSM 2012 is proprietary to
Dow Jones Company, Inc.
No comments:
Post a Comment