Agreements reached in royalty fees

SoundExchange has reached an agreement with the Digital Media Association whose members include large music webcasters, to cap royalty fees at $50,000 per webcaster per year. The groups are still negotiating to set the rates for each play of a song, the two groups said. The new rates were set by the Copyright Royalty Board (CRB) of the Library of Congress in early March and went into effect May 1, retroactive to the start of last year. The first payments under the new rates were due July 15 (read more - Computer World)