Friday, July 13, 2007

Sad Day the Music Died Update

Court Denies Webcasters' Stay Appeal
By Roy Mark

Webcasters suffered a major blow in their effort to rollback new royalty rates late Wednesday when the U.S. District Court of Appeals denied their appeal for an emergency stay of relief.

The stay would have delayed the July 15 due date for the new royalties, which triple the rates for streaming music over the next three years. The court decision does not preclude the court from ultimately ruling in favor of the webcasters. The May appeal, filed by the Digital Media Association (DiMA), is still pending.

Webcasters claim the new rates are simply unaffordable for many Internet radio stations and will put a number of them out of business.

For the entire article go here.

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