SoundExchange, the organization that collects royalties for copyright owners in the music business, last week extended a compromise offer aimed at allaying the fears that sites like Pandora and Live 365, which offer multiple streams, would be forced out of business when the new fees go into effect later this month.
According to regulations set by the Copyright Board, these sites, and others like Rhapsody and Radio@AOL, would have to pay a fee of $500 per station or channel per year, regardless of the number of stations. Live365 has thousands of stations; Rhapsody claims to have offered 400,000 in the last year alone. The combined fees would have leveled prohibitive costs against the stations, forcing them out of business.
SoundExchange's proffered solution is to offer a price cap. According to the press release issued last Friday, June 29, the organization "proposed capping such advance payments at $2,500 per service."
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