DiMA, SoundExchange Reach Web Radio Deal
August 23, 2007
The Digital Media Association and digital royalty collector SoundExchange inked a deal Thursday afternoon after months of negotiations that stemmed from the Copyright Royalty Board's Internet radio rate hike.
Technology Daily has learned there are three parts to the agreement, the details of which will be announced later in the day: (1) Per-channel fees will be capped at $50,000 per service. (2) Licensed webcasters will provide a full census of songs to SoundExchange (3) DiMA and SoundExchange will form a committee to meet regularly to evaluate "stream-ripping" and possible technological solutions.
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