As reported today on Billboard.biz, two U.S. representatives have introduced a bill in an attempt to postpone the July 15 due date for Internet radio Webcasters and simulcasters to begin paying new royalty rates set by the Copyright Royalty Board (CRB) for sound recordings.
According to Billboard.biz, “House chairwoman of the Small Business Committee, Nydia Velázquez, D-N.Y., and ranking member Steve Chabot, R-Ohio, introduced HR 3015 to try delaying implementation of the new royalty rates for at least 60 days so negotiations between the Webcasters, simulcasters and SoundExchange could continue without being affected by the deadline.”
For the full story, click here.
