Webcaster Royalty Bill Passes House, Senate Will Consider

Owners of Internet radio stations have caught a break from lawmakers. According to a story at news.cnet.com: "The Webcaster Settlement Act, which would allow Internet radio stations to negotiate with the music industry for a royalty rate lower than what Congress mandated last year, passed the House by a voice vote on Saturday."

Other Highlights:

* Founder of Pandora elated
* National Association of Broadcasters will not oppose bill
* Senate still must pass bill
* Without passage, many webcaster will be forced to stop streaming

Background: Independent Internet Radio Faces Extinction from Proposed Royalty Rates

More: Pandora Founder: New Webcasting Royalty Rates "Would Bankrupt Us"