Thanks for the Help in the Fight to Save Net Radio
A big “thank you” to all concerned music lovers and fans who supported , and rallied to .
On Friday at a House Energy and Commerce Committee roundtable hosted by Chairman Ed Markey (D-MA) and attended by seven additional Members of Congress, SoundExchange announced an offer to cap the $500 per channel minimum fee exacted on Webcasters at $50,000 annually through 2010, for the full length of the term. DiMA, the trade organization that represents Yahoo! Music and other webcasters, has accepted the offer. With the minimum fee issue off the table, we are hopeful that we can negotiate a fair royalty rate with SoundExchange that will support a sustainable business environment for Internet radio.
We hope there will be more good news to come shortly.