 Senate passes Webcaster Settlement Act of 2009 ·Jun 18, 12:44 PM The Senate unanimously passed the Webcaster Settlement Act of 2009 yesterday. The bill now heads to the desk of President Obama. The legislation The original Webcaster Settlement Act of 2008 passed in October of last year and set a deadline of February 15, 2009 (RAIN coverage here). SoundExchange was able to sort out royalty agreements with some groups of webcasters, but failed to do so with others — including “pureplay” webcasters, small commercial webcasters, and religious broadcasters. The new Webcaster Settlement Act of 2009 would provide an extra 30 days to reach deals with these webcasters. share: del.icio.us.  Reddit  Digg  Yahoo  Wink  Windows  Google  Newsvine 
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would grant SoundExchange and webcasters an additional 30 days from the date it becomes law to agree upon new a royalty rate. 
Under this bill, if the 30-day extension expires without a royalty agreement, what royalty rates do these groups end up with by default? More to the point, does SoundExchange have any real incentive to reach an agreement during the 30-day period, or would their interests be best served by simply taking an unreasonable position and waiting out the 30 days?
— mwalimu · Jun 23, 10:03 AM · #