Labor Day Deadline Set for Webcasters' Royalties Negotiations
 

*Source: BetaNews (http://www.betanews.com/article/Labo...s/1186432403)*
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Last week, the US Senate's chief sponsors of the Internet Radio Equality Act vowed to push for its expedited approval, if broadcasters and the SoundExchange performance rights organization haven't reached a compromise agreement by the time the Senate returns from its summer recess on Labor Day (September 3).

As Sens. Ron Wyden (D - Ore.) and Sam Brownback (R - Kan.) jointly stated, they're fully aware now of what appears to be a plan by the PRO to leverage a planned $500 USD minimum annual royalty fee per channel to apply to each stream or playlist a Webcasting service generates. Literally, each Pandora channel generated for a user could carry a $500 USD fee.

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