Thursday, December 06, 2007

SoundExchange Comment on New Satellite Royalty Rates

Radio Ink reports that SoundExchange is not happy with the new rates set for satellite music providers. The royalty will be 6% of gross revenues for 2007 and 2008, and will rise to 8% in 2012, while SoundExchange wanted the rates to start at 8% and increase to at least 13%.

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