SoundExchange Touts 24 Deals With Small Webcasters
September 18, 2007 at 12:12 PM (PT)
While comprehensive deals with scores of Net and terrestrial broadcasters are still unresolved, label-supported interest SOUNDEXCHANGE announced that its "discounted" royalty offer has been accepted by "significant numbers of small commercial webcasters."
Specifically, "significant" currently means 24 webcasters, although SOUNDEXCHANGE contends that "others" are in the process of signing.
The deals -- with basically the same terms dictated in the SMALL WEBCASTER SETTLEMENT ACT (SWSA) -- were sent in late AUGUST and signed individually with each webcaster, and guarantee the same rates through 2010. The agreements are retroactive to JAN. 1, 2006. On JAN. 1st, 2011, new rates will be set either through negotiation or by the COPYRIGHT ROYALTY BOARD (CRB).
And how's this for spin: SIMSON made it sound like SOUNDEXCHANGE was doing these webcasters a favor by noting, "It's a sacrifice our members are willing to make at the request of members of CONGRESS and in order to give the smallest webcasters below-market rates for an additional limited time," he said. "This is a great deal for someone who wants to start or build a webcasting business."