New Internet Music Royalty Agreement Reached Articles / Music Law Posted by admin on Feb 19, 2009 - 04:05 AM An agreement between the National Association of Broadcasters ("NAB") and SoundExchange (royalty collectors) was reached February 17, 2009 covering the Internet streaming operations at several thousand NAB member stations, including those owned by Clear Channel Communications Inc. and CBS Corp. Stations that are not members of the broadcasters' group have the option of joining the agreement, according to the NAB. The stations will now pay $1.50 for every song heard by a thousand listeners in 2009, rising to $2.50 per 1,000 listeners in 2015. This agreement comes several weeks after SoundExchange struck a similar deal with the Corporation for Public Broadcasting. Under that agreement, SoundExchange gets an upfront royalty payment of $1.85 million for streaming of sound recordings on numerous public radio web sites from Jan. 1, 2005, through Dec. 31, 2010. This article is from CyberLaw Info (tm): CyberLaw, Entertainment Law, Intellectual Property Law & Litigation   http://www.cyberlaw.info/ The URL for this story is:   http://www.cyberlaw.info/modules.php?op=modload&name=News&file=article&sid=110