Despite recent signs that Congress might legislate a six-month delay, the deadline for Internet radio’s retroactive royalties came on schedule Oct. 20. Several major radio group owners told Radio World they paid on time. Just before the deadline, SoundExchange, which collects the royalties on behalf of record labels, issued temporary relief for qualifying small Webcasters, allowing them to remit a smaller down payment of $500 per year of streaming, to a maximum of $2,500. SoundExchange would pay the balance when the Senate presumably agrees to the Small Webcaster Amendments Act of 2002 when it resumes session after the elections. But most broadcasters will not qualify as small Webcasters.
Radio Groups Seem to Be Paying Streaming Fees
Radio Groups Seem to Be Paying Streaming Fees
