Small Webcasters Sue RIAA
killthiskid writes "The Webcaster Alliance, a small group of 198 webcasters has sued the RIAA. CNET has the news, along with a growing number of other sites (google news). As many /.'ers know, in 2002 the Library of Congress decided on .07 cents per song (retroactive to '98). After that another bill was passed to protect smaller webcasters. Aparently, many webcasters are still not happy." Their complaint is online.
I've always heard .07 *cents* per song, which would be the $.0007 number.
If that's the case I'm just not sure what they're bitching about. If you figure the average song is 3 minutes long, there are 1440 minutes in a day. So that equals around 480 soungs a day for a webcast. At $.0007 a song that's $.336 dollars a day. That doesn't seem unreasonable to me, a little low actualy.
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