The Copyright Royalty Board has published the agreement between College Broadcasters Inc. and SoundExchange concerning royalties for student radio station webstreaming.
CBI President Gregory Weston said, “The adoption of this settlement not only rolls forward the current rates for these stations for another five years, but also enlarges the number of stations which can report the use of sound recordings via a proxy fee, while allowing these services to the public to provide reports of use of sound recordings. This is a big win for student stations, the labels and artists.”
There is a possibility that the agreement could be modified slightly, but at this time, it would seem the matter is settled. CBI had worked on getting the settlement with SoundExchange approved over the last year.
