The Corporation for Public Broadcasting has entered into a settlement with SoundExchange extending their current agreement on Internet Radio royalties for "Public" radio stations through 2015. The previous deal, about which we wrote here, covered the period from 2006 to 2010. This new agreement picks up in 2011 and covers included stations through 2015. As in the previous deal, the new agreement has a payment by CPB to SoundExchange satisfying all royalties for all of the covered stations. This was the fourth agreement that was announced last week, about which we wrote here, although details of this deal had not previously been released. We have written about the other deals entered into under the Webcaster Settlement Act of 2009 ("WSA"), including the deals with Sirius XM (here) and with other noncommercial webcasters (here).
This agreement covers stations affiliated with NPR, American Public Media, Public Radio International, and the Public Radio Exchange. CPB will pay to SoundExchange $2,400,000 in five yearly installments, covering up to 490 public radio stations in the first year, and up to 10 additional stations per year thereafter (up to 530 in 2015). The fee is also subject to adjustment if all of the covered stations exceed certain listening levels. Those levels, and the required true-up for performances in excess of the caps, are set out below. However, the CPB payments for excess performances are limited to a total of $480,000 over the 5 year period of the Agreement:
Year Music ATH Cap Per Performance Rate
2011 279,500,000 $0.00057
2012 280,897,500 $0.00067
2013 282,301,988 $0.00073
2014 283,713,497 $0.00077