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On May 1, 2007, the United States Copyright Royalty Board approved a dues development in the royalties payable to performers of recorded works broadcast on the internet |
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| This was the consummation of a two annual accounting period proceeding, with dozens of witnesses and hundreds of documents from over twenty different parties, including extensive and microscopic webcasters, NPR, college stations, and SoundExchange |
| The CRB was privy to private financial records and racket models of the webcasters, and after reviewing the evidence and testimony, issued their decision on May 1, 2007 (which is currently under appeal) |
According to a report by Club Net Radio released in March 2007[dead link], under the new rates, annual fees for all station owners are projected to reach $2.3 billion by 2008. This figure is besides than four times that for traditional radio broadcasters who, due to terms concluded forth in the 1998 Digital Millennium Copyright Act, are exempt from http://www.gracedigitalaudio.com/duploads/mini-sites/IR1000B/grace-wireless-internet-radio.html the additional royalties imposed on digital broadcasting outlets, which compensate the performers and copyright owners of recorded works. Both traditional radio and Internet/digital radio broadcasters are responsible for royalties collected by performance rights organizations (ASCAP, BMI, SESAC) on behalf of the composers of recorded works.