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August 26, 2005

Music Royalty Talks Hit Impasse

WSJ: Negotiations between music copyright holders and online music services have broken down over the issue of how much to pay copyright holders for streamed music. The impasse means copyright holders, such as songwriters and composers, will continue to miss out on royalties for online subscription music services such as Napster and Rhapsody.
Copyright holders signed a series of agreements with some individual companies in 2001 allowing those companies to use their music for subscription services pending a royalty agreement. No deal was struck with representatives of copyright holders such as the National Music Publishers' Association and the American Society of Composers, Authors and Publishers.

Posted by Rafat Ali in Online Radio | Permalink


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