Pandora has a few months reprieve following the US Senate approval of the Webcaster Settlement Act, which passed in the House over the weekend and was introduced to allow webcasters to continue to negotiate new royalty deals with copyright owners while Congress is distracted by the upcoming elections.
“This legislation will enable the Digital Media Association (DiMA) and our member companies, and all Internet radio services, to continue negotiating royalty rates with SoundExchange for the years 2006-2015. We are very hopeful of reaching agreement soon, and thereby creating long-term stability that will re-energize the Internet radio business,” said Digital media Association executive director Jonathan Potter.
Reporting the news on the Pandora blog, Pandora founder, Tim Westergren, said: “This evening the Senate approved passage of HR7084. Hooray! We still have to finish up the negotiations, but now the table is set.
Thanks to everyone for your incredible support over the past few days. It was just extraordinary. We had some terrific allies on the Hill; a hearty thanks to our sponsors on the House side – Representatives Jay Inslee (D-WA) pictured on the floor below, and Donald Manzullo (R-IL), and Senators Ron Wyden (D-OR) and Sam Brownback (R-KS) who shepherded the bill through the Senate. And a special thanks to Representative Howard Berman (D-CA) for his key role as Chairman of the IP Subcommittee.
“Behind all the activity within the halls of congress was the tireless advocacy by you, our listeners. None of this would have been possible without your overwhelming public support. Your voice was a constant reminder to everyone involved in this process about the importance of internet radio to music lovers and musicians alike. Your level of involvement was unprecedented. We are eternally grateful.
“Thank you again for your amazing support. We will continue to keep you apprised as we work diligently to complete the process.”