Hot Damn!
Congress Approves Web Radio Royalty Deal
The U.S. Congress approved a deal early Friday morning that would allow small Internet-based radio stations to pay lower royalty rates to the musicians and record labels whose songs they use.
The move amounts to a stay of execution for many smaller “Webcasters,” who had feared the established royalty rate that went into effect Oct. 20 would have forced them offline, narrowing the market to a few large players like America Online