Currently a lot of legal internet radio stations close their doors, because they can not afford to broadcast anymore due recent introduced webcasting royalities. And now the RIAA going to appeal against the current webcasting law because it considers current royalities too low.
The Recording Industry Association of America (RIAA) today announced its intent to file a court appeal of the June 20 decision by the Librarian of Congress on royalty rates for Internet radio. The notice of intent will be officially filed with the DC Circuit Court later today, the deadline for all parties to alert the court whether they intend to appeal. Actual briefs will be filed later in the year. |
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The RIAA intends to argue that the Librarian's interpretation of the deal with Yahoo! was incorrect, and that the Librarian improperly threw out 140 licensing deals that the record companies and RIAA signed with webcasters and other similiar companies.
The RIAA doesn't seem to care that less radio stations are able to broadcast music, reaching less listeners. And again it seems that the RIAA doesn't care for much else than money...
Source: RIAA.com
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