Summary:

Feds Halve Webcasters Royalty Fee: Federal copyright regulators have set new royalty rates for online radio companies. Under the new rates,…

Feds Halve Webcasters Royalty Fee: Federal copyright regulators have set new royalty rates for online radio companies. Under the new rates, Web companies would pay 0.07 cent, or about a fourteenth of a cent, every time they played a song online for a single listener. Radio stations would pay the same amount when they put their music programming online. Even with the dramatic drop in fees, Webcasters said the decision could cripple many businesses. “The import of this decision is that artists and record labels will subsidize the Webcasting businesses of multibillion dollar companies like Yahoo, AOL, RealNetworks and Viacom,” RIAA President Cary Sherman said in a statement.

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