Thursday, April 19, 2007

Shake-up for Internet radios?

My good friend, Steven Yang, informed me this morning about a certain development happening in the realm of Internet radios.

He told me that there's been quite a shake to the market. Song royalties are jumping three-fold, which is going to increase the cost of operation so high that most stations will be forced to shut down.

The new royalty fee takes effect in September, but stations are already shutting down daily. Stephen pointed me to a noteworthy article on USA Today that speaks about all of this. The URL is pasted below for those interested.

Now, it'll be interesting to see how makers of portable Internet radios ride this so-called storm.

And, thanks Steven!

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.