Business Services Industry
Hollywood, Calif.-Area Online Music Firm Strikes Deal with Recording Labels.(Knight Ridder/Tribune Business News)
Knight Ridder/Tribune Business News, August, 2000 by Healey, Jon
Aug. 24--While the big dogs of the online music world haggle with the recording industry over fees for songs, upstart Soundbreak.com broke from the pack and cut a deal.
At issue is how much online radio and musical entertainment sites like West Hollywood-based Soundbreak have to pay for the music they play over the Web. The Recording Industry Association of America -- the record labels' trade association -- has demanded 15 percent of online revenues for the rights to play copyrighted songs, drawing stiff protests from the music sites.
The dispute is slated to go to arbitration before federal copyright officials, a process that could take a year or more to complete. Rather than waiting for the results, Soundbreak CEO Lisa Crane said Wednesday that her...
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