[ Rizzn’s Note: More on this later why it is relevant to my life — in other words, big news a’brewin’! ]

Internet Radio To Have Global License

According to Reuters, the International Federation of the Phonographic Industry (IFPI) has come up with a single license agreement that Internet radio broadcasters can sign to gain the right to broadcast music around the world.

Previously, online radio broadcasters, or Webcasters, had to secure approval from an alphabet soup of national collection agencies.

Broadcasting a single song online to European listeners across the continent, for example, would require a Webcaster to obtain dozens of licensing contracts. . . .

Rechardt added that while the approval process has been streamlined, the old fee structure is still intact. Webcasters will still have to pay a national body a fee for songs broadcast into each individual country.

While the license has yet to be finalized, it promises to be a good private solution to the morass of global copyright law. Read the article here.

[via LawMeme]