Internet radio may be saved, for the time being. The Digital Media Association (webcasters) and SoundExchange (record royalty collectors) have reached an agreement to set the royalty cap at $50,000 per service and a minimum of $500 per channel. This is great news for the entire internet radio industry which has been on the brink of extinction over the summer. It is also absolutely a big victory for the SaveNetRadio Coalition who has been pushing Congress and SoundExchange to help keep internet radio in business. Lastly, it's great news for consumers. It would have been a tragedy to see great sites like Pandora, Last.fm, SHOUTcast, and Live365 go under because of royalty costs.
via Read/Write Web