Saturday, August 25, 2007

SoundExchange offer fairly-expensive olive branches

The initial two offers from SoundExchange to try and find some middle ground in the dispute over US internet music royalties - a capped USD50,000 a year for big broadcasters, and a discounted rate for smaller webcasters - have shown that finally, the royalties body is accepting that if it doesn't bend a little, it's going to be looking at a very dead golden goose and watching a large number of webcasters heading overseas. They haven't, though, quite got the knack of "not throttling" down yet. They're going to have to move further.