How do you feel about this industry move? Do you think that they want to attract more customers or flex their corporate muscle?
NEW YORK (Billboard) - Small webcasters are crying foul over new royalty rates they must pay for streaming recordings.
After a two-year proceeding, the Copyright Royalty Board (CRB) has set rates for commercial and noncommercial webcasts and Internet simulcasts, which some executives say will put them out of business.
"This is going to be a major problem for the little guys," says Robert Kimball, senior VP/general counsel for RealNetworks. "For small webcasters and companies that have built their models around free ad-based radio, it's going to be an absolutely massive increase in royalties owed."
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http://news.yahoo.com/s/nm/20070312/.../internet_dc_1