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Submission + - New Royalty Rates to Bankrupt Webcasters

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."

"There are things that are so serious that you can only joke about them" - Heisenberg