RIAA and Net Radios Reach Agreement

RIAA

RIAA

Good news! An agreement has been reached between The Recording Industry Association of America (RIAA) and the streaming radio industry. Since many months, a battle emerged between people that operate online streaming radio stations and the people that own the music being streamed.

This week, an agreement has been reached: in exchange for the right to stream music from major record labels, streaming web sites will have to give back 10.5% of their total revenues to them. This agreement covers only music that is streamed but doesn’t have any detail on music that is to be downloaded and played at a later time.

CD Freaks
RIAA’s Press Release

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