Radio broadcasters will now have to pay only 2 per cent of their net revenues as royalty to music companies.

It’s a judgement that was long awaited. Radio stations are heaving a big sigh of relief as the Copyright Board has passed a judgement which states that radio broadcasters and music companies will follow a revenue sharing model – as done internationally.

The new rule entails that radio stations will pay 2 per cent of their net revenues as music royalty fee to all music providers. In most markets where radio has developed well, music royalties are range between 0-4 per cir net revenues as music royalty fee to all music providers.

Posted via email from John Pisciotta’s posterous

Posted via email from John Pisciotta’s posterous

If we all did the things we are capable of doing, we would literally astound ourselves.
Thomas A. Edison

Posted via email from John Pisciotta’s posterous

Posted via email from John Pisciotta’s posterous

Posted via email from John Pisciotta’s posterous