Internet Radio Deferred

    Listeners of Pandora , Last.FM and other similar services can breathe a sigh of relief: their favorite Internet radio will not be closed in the near future (although Last.FM is a British service, so news in American law does not directly affect it).

    Record association lobbyists have not been able to delay Congressional adoption of procedural amendment HR 7084 , which extends the deadline by which license fees for Internet radio should be set. Today they are prohibitively high. The adoption of the amendment gives Internet services the delay they need to continue negotiations with the RIAA.

    Thanks to the financial crisis, the US Parliament was in emergency mode on Saturday September 27th, which proved to be very helpful. On the same day, lawmakers were able to review and adopt HR 7084 on Internet Radio. On Monday, Congress must approve it.

    The news came on time because owners of the Pandora service, for example, have already begun to panic . According to their calculations, with $ 23 million in revenue this year, they will have to pay $ 17 million in royalties, which is 70%, while satellite radio stations pay only 7.5%.

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