Hooray! A Win for Once!

July 13, 2007

A coalition of webcasters have worked out a deal with the recording industry that could temporarily stave off a portion of crippling net radio royalties set to take effect Sunday, according to people familiar with the negotiations.The deal is not final but creates a window for webcasters to continue broadcasting while a more lasting solution is sought. Webcasters have said the fees would effectively force many services that personalize individual channels for listeners to close shop by the end of the weekend.

Net Radio Wins Partial Reprieve as Royalties Loom

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