YAHOO TO PAY ROYALTIES FOR WEB MUSIC.In a significant change of position, Yahoo, Inc. has reached a licensing agreement with the Recording Industry Association of America America [for Amerigo Vespucci], the lands of the Western Hemisphere—North America, Central (or Middle) America, and South America. The world map published in 1507 by Martin Waldseemüller is the first known cartographic use of the name. (RIAA (Recording Industry Association of America, Washington, DC, www.riaa.com) A membership association of music recording companies. Its goal is to promote the record label industry and protect the rights of copyright owners. It was a major contributor to the SDMI digital distribution system. ) whereby it will pay royalties for broadcasting music over the Web. Yahoo has been negotiating with RIAA as part of a group of industry members (Digital Media Association) but broke off to reach its own agreement on financial terms that were not disclosed. The move will more than likely strengthen RIAA in its negotiations with the remaining members of the Digital Media Assn. Yahoo provides distribution facilities for more than 525 radio stations and other Internet Internet Publicly accessible computer network connecting many smaller networks from around the world. It grew out of a U.S. Defense Department program called ARPANET (Advanced Research Projects Agency Network), established in 1969 with connections between computers at the broadcasters. Earlier announcements by Yahoo and Digital Media Assn. indicated that the record labels were seeking 15% of the Internet broadcasting Internet Broadcasting (formerly Internet Broadcasting Systems), or IBS, is a provider of television station web sites. IBS hosts over 70 local stations' sites, and co-produced NBCOlympics. revenue but industry sources suggest that Yahoo's licensing agreement provides for substantially less than that percentage. |
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