Online Radio Is Saved; SoundExchange Will Not Enforce New Royalty Rates?

Eliot van Buskirk reports in his blog:

I just spoke with Tim Westergren, founder of Pandora, and he told me a SoundExchange exec just promised — in front of Congress — that SoundExchange will not enforce the collection of webcaster royalties under the new rates that would have driven many of them out of business.

Good news – in so far as that this is a promise not to enforce collection. The rates are still there as far as I understand. And apparently SoundExchange can change their mind – even after promising things in front of Congress…

read more | digg story

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