UPDATED: Under pressure from the House Subcommittee investigating a recent large increase in royalty rates, internet music rights collection agency SoundExchange has offered smaller webcasters an olive branch. Under the offer, smaller net stations would pay 10% of revenues up to $250,000 and 12% of revenues over that amount.
The press release states that the definition of smaller will include traffic size as well as revenue but offers no details, leaving it unclear exactly what size and how many webcatsers are effected. Internet radio trade group SaveInternetRadio opposes the offer as unfair to larger broadcasters. More reaction can be found here from webcaster Kurt Hanson on his RAIN blog.