— SoundExchange and National Association of Broadcasters Set New Terms
for Streaming Rates and Extend Agreement Through 2015 —
WASHINGTON, D.C. – SoundExchange and the National Association of Broadcasters (NAB) announced today a comprehensive agreement on Internet streaming rates for local radio stations that simulcast programming over the Internet or that create new stand -alone Internet stations. The agreement provides discounts on previously-set rates for 2009 and 2010 and establishes rates for 2011-2015, providing stations with an enhanced ability to serve listeners through online platforms. Additionally, NAB has reached separate agreements with individual record label groups that waive certain statutory format restrictions allowing, for example, certain artists to be played more often during a four hour period.
The agreement was reached under the authority of the Webcaster Settlement Act of 2008 (H.R. 7080) and covers simulcasts over the Internet of all copyrighted commercially-released musical performances.
“Because of the explosive growth of music on the Internet, this is good news for everyone involved in music – from artists to labels to broadcasters and to fans,” said John Simson, Executive Director of SoundExchange. “It provides radio stations more opportunity to grow their on-line businesses in a stable business environment. Furthermore, it gives artists and copyright holders the opportunity to have more of their music played, while being fairly compensated, in more places as radio services expand their offerings on the Internet.”
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