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Radio Industry, Songwriters Agree on New Royalty Plan
In the largest single licensing deal in U.S. radio's history, the
industry has agreed to pay $1.7 billion over six years to a group that
doles out royalties to songwriters. Stations will pay a set fee for
music, rather than a percentage of yearly revenue, under the agreement
announced Monday. The nation's roughly 12,000 commercial radio stations
will also have the group's blessing to simulcast its 7.5 million
copyrighted songs over the Internet.
October 19, 2004 at 12:00 AM
1 minute read
By Michael P. Regan |
Updated on October 19, 2004
The original version of this story was published on Law.Com
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