100th co-sponsor signs on to the Internet Radio Equality Act

From the SaveNetRadio.org press release
: “A bill that would save the Internet radio industry from a dramatic increase of fees webcasters pay to play music gained the support of its 100th member of the House of Representatives today.

“Introduced by Representatives Jay Inslee (D-WA) and Donald Manzullo (R-IL), the Internet Radio Equality Act (H.R. 2060) would vacate the Copyright Royalty Board (CRB) decision that increased the royalty rates by 300%-1200% over the next five years.

“‘Members of Congress are hearing loudly and clearly the passionate voices of webcasters, music fans and artists who have marched on Capitol Hill with their feet, their calls and their letters. Reaching 100 cosponsors in three legislative weeks is extraordinary, and is a major milestone for tens of thousands of webcasters, millions of Internet Radio listeners, and thousands of artists invested in the future of Internet
radio,’ Jake Ward, a spokesperson for SaveNetRadio said…

“Legislation currently before Congress, H.R. 2060 and S. 1353 — the Internet Radio Equality Act — would vacate the Copyright Royalty Board’s decision and set a 2006-2010 royalty rate at the same level currently paid by satellite radio services (7.5% of revenue.) The bill would also change the royalty rate-setting standard used in royalty arbitrations, so that the standard applied to webcasters would align with that applied to satellite radio.”

Read the entire text of the press release here.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: