Webcasters told by Copyright Board to pay up for music used between 2009-2012

OTTAWA - The Copyright Board of Canada has set the royalties that Internet music streaming services must pay for their use of sound recordings between2009 to 2012, an amount estimated at close to $500,000 per year.Friday’s decision authorizes Canadian collective society Re:Sound Music Licensing Company to collect the royalties payable under Tariff 8 and distribute them equally (50/50) between performers (singers, musicians) and makers (record labels). The tariff rate for commercial webcasters was set at 10.2 cents per 1,000 plays, which according to Board estimates, means that a large music streaming service with annual revenues of about $130,000 will pay annual...