“Webcasters worried that Internet radio would be wiped out by outrageously high royalty rates found little solace on Thursday despite a ruling that slashed a controversial licensing fee in half.
The new rates, issued by Librarian of Congress James Billington, require webcasters to pay record labels .07 cents each time a song is streamed live and .02 cents for archived or simulcasted streams. Temporary copies, such as ripped copies of CDs that are used to create the digital streams, will cost companies 8.8 percent of their entire royalty fee.”
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