Web radio gets ASCAP deal
The American Society of Composers, Authors and Publishers (ASCAP), representing a large stroke of American music publishers, have penned a deal that will allow radio stations to simultaneously play music over the Internet that they already play over airwaves. At least, that's what the deal seems to insinuate. The deal, valued at $1.7 billion, should open the doors for radio stations to stream their feeds over the Internet without additional costs or licensing issues. The agreement is good through 2009, so expect Internet radio to pick up some speed over the coming years. Finally, Dave Matthews and Britney Spears at 128k!
