RIAA and Net Radios Reach Agreement
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.