10 percent of revenue if they make under 250,000 dollars and 12 percent of revenue if they make between 250,000 and 1.25 million dollars. The agreement is retroactive to January 1, 2006 and will continue through December 31, 2010 when the Copyright Royalty Board (CRB) will start a new negotiation.
While 24 webcasters have signed the deal, according to a statement released by SoundExchange yesterday, criticism still exists. Wired points out that the the agreement only covers artists and labels who are SoundExchange members. - a lot more on this story
Click here to read today's full report
Preview and Purchase Radiohead music
Mother's Day Gift Guide Part 2
Mother's Day Gift Guide Part 1
Root 66: New Riders of the Purple Sage- Gene Clark- More
Robert Plant, Yes and Willie Nelson Among Stars Coming to Ozarks Amphitheater
Live: Heart and Cheap Trick Rock Tampa
AC/DC Reveal 2nd Batch Of 50th Anniversary Reissues
Rush Star Geddy Lee And Alex Lifeson Have Been Jamming Band's Classic Songs
Motley Crue Share Video From Secret Intimate Show
Prince's Cloud 3 Guitar Highlights Julien's Auctions Music Icons
Yes Legend Jon Anderson and The Band Geeks Announce New Album 'TRUE'
Kittie Announce 'Fire' Album With 'Vultures' Video
KING 810 Reveal First Episode Of 'Under The Black Rainbow' Episodic Film Series
Big Head Todd And Ben Harper Lead Blues from the Top Music Festival Lineup