SoundExchange, the US society for collecting income from the digital use of recorded music, has announced an agreement with the Corporation for Public Broadcasting (CPB). The deal sets webcasting rates for US public radio stations from 2011 until 2015 and will represent an estimated USD $2.4 million for SoundExchange, with additional payments if the ultimate digital music usage via those stations outstrips expectation. Stressing that the rates “are intended to accommodate the special circumstances faced by this group of stations”, SoundExchange states that the rates “do not reflect a market value for music.” This latest announcement follows deals agreed last week with Sirius XM, College Broadcasters and the National Religious Broadcasters Music Licence Committee.
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