While recent press reports talk about the growth of Internet Radio and the increasing presence of terrestrial radio companies on the net, the amount of the music royalties that will have to be paid by Internet radio companies for the 2006-2010 period remains unresolved. The trial phase of the proceeding to set the rates, held before the Copyright Royalty Board, is now completed, and the upcoming decision of the Board may have a profound impact on the economics of the Internet radio industry. Final briefs in the case were filed with the Board in December, and an oral argument was held on Thursday, December 21. With the completion of the argument, the decision is now in the Board’s hands, and the amount of the royalties for the use of the sound recordings will be decided by the Board on or before March 4.
In the on-line world, and in most digital communications channels other than over-the-air digital broadcasts, a royalty for the use of the "sound recording" (the actual recording made by a particular artist) must be paid in addition to the royalty for the use of the composition (i.e. the underlying words and music) that is paid to ASCAP, BMI and SESAC. Our summary of the royalty rates that Internet radio stations should currently be paying can be found on our firm’s website, here. As we make clear in that memo, the rates that are currently being paid expired at the end of 2005, so the rates that are adopted in the current proceeding will be retroactive to January 1, 2006.
The proceeding to determine the new rates has been underway for more than a year. Written cases were filed by the parties in October 2005. Discovery, including depositions and document discovery, took place in the early part of 2006. A trial began in May and lasted through the first week in August, with a rebuttal phase that ended the week after Thanksgiving.
Continue Reading Copyright Royalty Board to Decide Internet Radio Music Royalties By March 4
