Public Radio Stations Rally Against Online Royalty Rate Hike
Two of the largest public radio stations, NPR and KCRW, are rallying against a major streaming radio royalty rate increase, issued by the Copyright Royalty Board earlier this month. The updated rate structure, which replaces revenue-based percentage calculations with flat, per-play fees, is widely viewed as the Death Blow for small and midsize web radio stations. And larger webcasters will face incredibly elevated royalties, and...
Universal Music To Shed Publishing Assets To Gain Regulatory Approval
In order to gain regulatory approval for its purchase of BMG Music Publishing, Universal Music has offered to dump the Zomba Music Group catalog. Zomba which owns hit songs by Britney Spears, ‘N Sync and the Backsteet Boys would be set on the auction block, as well as other publishing assets. The European Commission, which regulates competition in the 27-nation European Union, will soon send questionnaires to gauge rivals’...
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