Fri, 02 May 2008

Federal Judge Sets Formula for Internet Music Royalties

Amazing - ASCAP, the RIAA and other music industry groups are bound and determined to kill that golden egg laying goose no matter waht. And they're well on their way ...

A federal judge has established a formula for reckoning the internet royalties owed Yahoo, AOL and RealNetworks. ASCAP is thrilled and estimates the ruling will yield their members as much as $100 million for online use between 2002 and 2009.

(link) [Wired: Top Stories]

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