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Temporary suspension of royalty payments for some small commercial webcasters
By Jon Newton, p2pnet.net
(more articles from this author)
2002-12-08
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"Under the authority granted to SoundExchange under the Small Webcaster Settlement Act of 2002, I am today announcing a temporary suspension of the obligation of small commercial webcasters to pay statutory royalties under the Librarian of Congress' final order of July 8, 2002, through December 15, 2002."

This statement comes from John L. Simson Executive Director, who says the suspension is available only to those 'small commercial webcasters' who had:

*Gross revenues during the period beginning on November 1, 1998, and ending on June 30, 2002, of not more than $1 million; and

*Previously paid to SoundExchange the minimum fee of $500 for each year or partial year that the small commercial webcaster made digital audio transmissions of sound recordings under statutory license since October 28, 1998.

His announcement also said, "For avoidance of doubt, any service that commenced operation in 1998 and has continued to operate since that time must have already paid to SoundExchange $2,500 in order to be eligible for this temporary suspension of royalty obligations.

"For the purposes of this announcement, 'gross revenues' shall have the meaning set forth in the Small Webcaster Amendments Act of 2002, which was passed by the House of Representatives on October 7, 2002.

"Nothing contained in this announcement relieves a small commercial webcaster of any liability that it has under the Librarian's final order of July 8, 2002. However, small commercial webcasters that avail themselves of this temporary suspension of royalty payments may be eligible to pay statutory royalties under the rates and terms that SoundExchange and certain small webcasters hope to submit shortly to the Copyright Office for publication in the Federal Register.

"Upon the earlier of the publication of those rates and terms in the Federal Register or December 15, 2002, any small commercial webcaster that takes advantage of this temporary suspension will either have to pay statutory royalties under those published rates and terms, to the extent such rates and terms are in fact submitted to the Copyright Office for publication, or immediately make the payments required under the Librarian's order of July 8, 2002, including any payments that accrued during this suspension period or the one announced by SoundExchange on October 18, 2002."

There you go.

Related News from Mi2N:
» Announcement Of John L. Simson Executive Director, SoundExchange On Temporary Suspension Of Royalty Payments By Small Commercial Webcasters


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