As previously discussed, a new royalty rate scheme lobbied for by the RIAA could have put small and mid-size webcasters out of business. Congress saw significant public pressure to try and pass a bill killing the new scheme — an effort the music industry insisted was a “money grab by big corporations.” The music industry today extended an olive branch with a new proposal that they say should give relief to smaller webcasters. Some feedback on whether the proposal is any good over at RAIN (Radio & Internet Newsletter) — who say the offer “addresses only a tiny portion of the big picture.”
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