NAB Thinks Ahead ... Begins Digital Royalty Strategy For 2015
May 1, 2013 at 11:12 AM (PT)
The NATIONAL ASSOCIATION OF BROADCASTERS has confirmed that it has put together a task force to come up with equitable and economically viable terms for a new digital royalty deal. The current one with SOUNDEXCHANGE runs until the end of 2015.
"A committee has been formed to begin preliminary discussions on how radio addresses digital music streaming rates, which are set to expire at the end of 2015 and which would then be subject to review by the COPYRIGHT ROYALTY BOARD," NAB EVP DENNIS WHARTON stated. "We have a fiduciary responsibility to our member stations to be proactive on this issue and help radio sustain growth and better serve our millions of listeners."