SoundExchange Reaches Out To Webcasters
April 19, 2007 at 11:51 AM (PT)
In what it calls "an effort to ensure a robust business environment for both webcasters and creators of music," SOUNDEXCHANGE announced today that it is in discussions with some webcasting services, both commercial and non-commercial, following the recent rate-setting decision by the COPYRIGHT ROYALTY BOARD (CRB) and is exploring "mutually beneficial business arrangements that help to foster growth of Internet radio and provide fair compensation to creators of music."
SOUNDEXCHANGE said it contacted some services several weeks ago in order to seek information and schedule possible discussions and that it is willing to meet with additional webcasters as well. "Our continued outreach reflects our long-standing position that these are two businesses -- webcasting and creating music -- that are joined at the hip and that need each other," said Exec. Dir. JOHN SIMSON. "We recognize that there may be certain needs and expectations, as expressed by webcasters in recent days, that might possibly be addressed through direct discussions."
It is in the industryâ??s interest to foster the continued growth of Internet radio, and we stand ready to work towards that goal.
Said General Counsel MICHAEL HUPPE, "We sought a dialogue with these services in order to determine if there is an appropriate business solution that addresses their concerns while still ensuring fair compensation for artists. It is in the industry’s interest to foster the continued growth of Internet radio, and we stand ready to work towards that goal."