Rep. Lofgren in Support of The Webcaster Settlement Act

Today, the US House of Representatives passed a bill to allow all webcasters to redress a long-standing wrong in their royalty rates. The Copyright Royalty Board (CRB), which determines royalty rates for the use of music over Internet radio services, has prevented the growth of this innovative music platform by assigning a royalty rate that is too high, endangering Internet radio. The Webcaster Settlement Act of 2008 will allow private parties to agree on a deal to correct the faulty decision of the CRB by clearing a path for private negotiations to continue while Congress is in recess allowing any and all groups to work out a settlement amongst themselves to replace the astronomically high fees set by the government with fees agreed about by all parties.

Category:

News & Politics

Tags:

• Webcaster
• Settlement
• Act
• Lofgren
• CRB
• HR
• 7084
• Internet
• Radio
• SoundExchange