Formula Set for Web Music Royalties Time Magazine

A federal court on Wednesday established a formula for determining the Internet royalties owed to thousands of music composers writers and publishers by three major online services Yahoo Inc. AOL and RealNetworks Inc. Related Articles The American Society of Composers Authors and Publishers hailed the decision estimating the guidelines could yield as much as million in payments covering a seven year period ending in . The trade group known as ASCAP had contended that its members weren t being properly compensated for musical works that helped drive traffic and increase revenue for Yahoo Time Warner Inc. s AOL and RealNetworks. Wednesday s ruling issued by a federal judge in New York doesn t affect the royalties owed to record companies. A representative for the Digital Media Association a trade group representing the Internet services declined to comment on the ruling. U.S. District Judge William Conner s page decision didn t specify the total amount owed to the ASCAP member! s but he provided an example on how the formula would apply to the music royalties owed by AOL and Yahoo for . Under the formula endorsed by Conner AOL owed fees of . million and Yahoo owed . million. That s far more than AOL and Yahoo envisioned. New York based AOL had proposed paying just in royalties while Sunnyvale based Yahoo had proposed paying in licensing fees according to court documents. Conner s estimates were slightly less than what ASCAP had sought from the Internet services. The group wanted . million from AOL and . million from Yahoo to cover the royalties according to court documents. Yahoo must pay royalties dating back to while AOL must cover fees going back to . RealNetworks unpaid bill goes back to . The amount for each year will vary widely depending on the amount of music streamed over their Internet services and the usage of their sites. The new formula will also be used to determine the online royalties owed by all three companies through . More from! CNN.com Review Iron Man packs a terrific punch Tyler Perry among Time s most influential Review Made of Honor satisfactory Vignette StoryServer . Fri May Top Stories How Much Did Rumsfeld Know Shopping for Homeland Security Clinton Pushes Hard in North Carolina Vignette StoryServer . Thu Feb Most Popular Most Emailed Vignette StoryServer . Fri May D.C. Madam Suicide Before Prison Despite DNA Dad s Paternity Denied Grand Theft Auto IV The . Review How Much Did Rumsfeld Know Google s Art of War With Facebook Can the World Survive US Downturn Exit Wright The District That May Decide Indiana Indiana Black Voters Feeling Ignored Barbara Walters Reveals s Affair How Much Did Rumsfeld Know Despite DNA Dad s Paternity Denied You Didn t Know Harry Potter Was Jewish Ma Ying jeou The TIME TIME Exit Wright Google s Art of War With Facebook Stephenie Meyer A New J.K. Rowling Can the World Survive US Downturn Indiana Black Voters Feeling Ignored Mariah Carey The TIME TIME See Complete List Get This In Your Email You will need to install or upgrade your Fla! sh Player to be able to view this Flash content. Also Javascript must be turned on. Grab it to put Quotes of the Day on your personal page or blog Vignette StoryServer . Fri May Features Click arrows to view more features More features Ask Your Questions Tennis Great Pete Sampras Corliss on Film Iron Man A Movie Marvel Schickel on Film Redbelt Basically a Boxing Picture Economy Can the World Survive a US Downturn Q With Facebook Gaming Grand Theft Auto IV The . Review Health A Blood Test To Predict Menopause Science of Search Dancing with the Stats Nation Happy th God Bless America Vignette StoryServer . Tue Apr Quick Links U.S. World Blogs Business Tech Health Science Entertainment Photos Magazine Specials Archive RSS Feeds Get TIME on your Mobile Device Podcasts Video Newsletter Services Subscribe Help Site Map Contact Us Terms of Use Media Kit Reprints Permissions Opinion Leaders Panel Editions TIME Domestic TIME Europe TIME Asia TIME South Pacific TIME For Kids Time.com! Copyright Time Inc. All rights reserved

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