Senate passes Webcaster Settlement Act of 2009
The Senate unanimously passed the Webcaster Settlement Act of 2009 yesterday. The bill now heads to the desk of President Obama. The legislation would grant SoundExchange and webcasters an additional 30 days from the date it becomes law to agree upon new a royalty rate.
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.
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