Congress Ok's Webcasting!


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W00T!! Internet Radio is saved!! :D Has no one reported this yet?

Sources:

Save Internet Radio.org

RAIN: Radio and Internet Newsletter

In a stunning victory for webcasting, both the Senate and the House of Representatives unanimously passed a revised version of H.R. 5469 late last night that clears the way for copyright owners to offer webcasters a percentage-of-revenues royalty rate, essentially allowing the parties to mutually agree to override the CARP decision of last spring.

The Senate passed the bill at 10:32PM ET and the House passed it at 2:44AM. It now goes to President Bush for his signature.

The bill was actively supported by virtually all players on both sides of the debate this year, including the record industry, artist representatives, large webcasters, small webcasters, college radio representatives, and religious broadcasters.

In what was viewed as a surprise by some observers, the legislative staff in the office of retiring Sen. Jesse Helms (R-NC) (pictured) apparently played an active and valuable role in crafting what the parties concluded was a much better piece of legislation than the one Helms blocked at the last moment late last month (here).

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