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+ - New Royalty Rates to Bankrupt Webcasters

Submitted by
scifience
scifience writes "Earlier today the new royalty rates for US-based webcasters were announced by the Copyright Royalty Board. Under the new system, a station with just 1000 listeners will be charged over $150,000 a year in royalties. The worst part? The rates are effective retroactively to the beginning of 2006. The royalties were proposed and will be collected by RIAA-backed SoundExchange. Luckily, the rates are still subject to appeal. More information on the changes and what can be done to stop the RIAA from destroying internet radio here."

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