Retroactive Royalties for Webcasting

Wired has good coverage of the new rules on webcasting royalties released on Friday. The royalties are retroactive to 2006, which is outrageous, but not, unfortunately, surprising.

To stream 1 song to 1 listener:
2006: $0.0008
2007: $.0011
2008: $.0014
2009: $.0018
2010: $.0019

It is likely that the new economics will shut down internet radio and webscasting, or at least fundamentally change the business structure.

There is a chance for a rehearing.