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images/news/mafiaa.jpgPandora Founder: SoundExchange Will Not Enforce New Royalty Rates on Sunday
At today's Congressional hearing about the new rates for online radio that would essentially destroy it (as readers of this blog already know), SoundExchange, which was scheduled to receive the new royalty payments on Monday morning (since the enforcement date falls on a Sunday), made a startling statement.
The SoundExchange executive [Jon Simson, executive director] promised said -- in front of Congress -- that SoundExchange will not enforce the new royalty rates on Monday. Webcasters will stay online, as new rates are hammered out.
Wired Blogs
At today's Congressional hearing about the new rates for online radio that would essentially destroy it (as readers of this blog already know), SoundExchange, which was scheduled to receive the new royalty payments on Monday morning (since the enforcement date falls on a Sunday), made a startling statement.
The SoundExchange executive [Jon Simson, executive director] promised said -- in front of Congress -- that SoundExchange will not enforce the new royalty rates on Monday. Webcasters will stay online, as new rates are hammered out.
Wired Blogs
