The Internet Radio Equality Bill..YEESSS!!!
Kudos to Congressman Jay Inslee (D-WA) for introducing and co-sponsoring the Internet Radio Equality Bill.
Ever since March 2, internet webcasters and listeners have heard little else except the rumbling of the CRB's new royalty rates.
The Equality Bill is very, very good news. Of course, getting it passed by Congress before May 15
will mean a lot of folks need to call lawmakers and ask them to co-sponsor, and better yet, sign the book, in support of this bill.
In very simple terms, the bill:
Requires $500 per licensee per year ("licensee" meaning groups like LoudCity, Live365, etc.)
Proposes the equivalent of 7.5 percent of revenue.
Represents a 0.5% increase in royalties.
It also nulls the CRB's action of March 2.
Fellow webcasters, this is the chance! And probably the only chance, of survival.
I encourage all listeners of ANY station..ask your Congressmen and Representatives to pass this bill NOW.
This bill could be a lifesaver for webcasters.
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