Webcasting Compromise Clears Congress

The legislation approved in Congress does not establish specific royalty rates for webcasters. Instead, it authorizes the music industry's principal royalty collector, SoundExchange, to negotiate binding royalty contracts with small webcasters on behalf of all artists and record labels.
from TechNews.com
Excellent news for small webcasters like colleges and independent websites! Thanks to Adina Levin for the good news.

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