Here are two posts from Boing Boing and an article from Newsweek that describe what may happen n May 15 if the US Congress doesn’t act soon.
The short story: the RIAA (Recording Industry Association of America) wants to collect royalties for every recorded song played on Internet radio stations. The old rates were calculated on each Internet station’s revenue if the station was a small operation.
The new royalty rates are on a per-song, per-listener basis, and are high enough to drive most of the small and independent Internet radio sites out of business on May 15. On that day, stations will be retroactively charged for the royalties owed since January 1, 2006.
Approximately 72 million Americans listen to an internet radio station each month.
Tags: copyright, music, radio, USA
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