Petteri Pyyny
19 Dec 2001 9:29
On Friday last week, music industry and major American radio stations told U.S. government that they've settled their dispute over Net broadcasting royalties.
Dispute began earlier this year when music industry said that radio stations should pay royalties from the music that they stream over the Internet -- traditionally in U.S., broadcasters don't pay any royalties for radio play of the music.
By annoucing their settlement -- without revealing the rate that parties have agreed -- they also pulled the case from Copyright Office's Copyright Arbitration Royalty Panel that normally settles royalty cases.
Webcasters, radio stations that operate only via Internet, are still locked in negotiations with music industry and analysts don't expect to see any results before February.