 Webcasters decry $1 billion "admin costs" to SoundEx ·Jun 7, 11:19 AM From CNET News: "We already know that Webcasters small and large are outraged at the prospect of having to pay higher royalty fees to the music "But the heightened royalty rates enacted by the U.S. Copyright Royalty Board earlier this year and scheduled to take effect July 15 are not the only thing that’s firing up leading Internet radio industry companies like RealNetworks, Yahoo, Pandora and Live365. "In letters distributed to various Capitol Hill offices on Thursday morning, the four companies’ CEOs argue that the music industry will also be forcing "Here’s how they say they derived that figure: When the CRB decided earlier this year to change the rules for Internet broadcasters, it also decided to levy a $500 minimum annual fee per Internet radio ‘channel.’ SoundExchange… says that minimum payment is supposed to cover administrative costs. "Such an amount would far outpace the $20 million in total royalty fees collected by SoundExchange from the Internet radio industry last year, the CEOs note in their letter. And besides, it’s not even clear that those payments would go to artists, as royalty payments do, the companies argue. “While we don’t imagine SoundExchange would keep this $1 billion "SoundExchange did not respond to requests for comment." share: del.icio.us.  Reddit  Digg  Yahoo  Wink  Windows  Google  Newsvine 
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