The new initiative for global, one-stop licensing agreement through IFPI is expected to be approved by more than 30 countries' local collection and licensing agencies, including most of the European and American countries agencies.
But there's still a catch: the fee structure wont change and each webcaster would still have to pay licensing fees for the music to each individual country they wish to stream to (again, in theory -- in real life, to all countries where they have an actual physical presence), based on that country's licensing body's fee structure.
Webcasters have long argued that excessive licensing makes running Net radio uncompetitive against the traditional radio stations that in some countries, such as United States, don't pay anything at all to record labels.
Source: Reuters