SoundExchange Extends Olive Branch To Small Net Radio Stations
SoundExchange has extended an Olive Branch to small Internet radio stations by offering to stretch the Small Webcaster Settlement Act (SWSA) until 2010. As you read here before, on May 1 the Copyright Royalty Board (CRB) declared that effective July 15, it will more than double the royalties of Internet radio stations. This in turn became a call to arms for the well-connect online radio community who swiftly responded with their own...
EMI’s Board Accepts Terra Firma’s Buyout Bid
EMI’s Board of Directors has recommended that shareholders accept a $4.7 billion / £2.4 billion cash bid by private equity company Terra Firma Capital Partners. In a joint statement, the companies revealed that the EMI board intends to recommend unanimously that its shareholders accept the offer, noting that the directors have already undertaken to sell their own holdings to Maltby, a concern that Terra Firma set up for the...
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