Twitter reportedly considers buying SoundCloud [UPDATE: Deal off]

As the supposed Apple acquisition of Beats Electronics is taking longer than expected, the industry needed a fresh rumor to chew on. Here it is: Twitter might buy SoundCloud. It’s natural that SoundCloud would seek major partnership — and, at the same time, provide a profitable exit for its investors. The acquisition would leverage a couple of intersecting values and needs Continue Reading

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Canada sets streaming royalty rates retroactively, favoring webcaster arguments

The Copyright Board of Canada issued a royalty-rate decision that retroactively establishes payment amounts to artists and labels for the 2009-2012 period. The official rate supports arguments made by webcasters which participated in the hearing. The rate applies to non-interact Internet radio services, and is retroactively for 2009-2012. Continue Reading

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Renowned Internet station East Village Radio to shut down, citing music-licensing cost

In a development that intersects Internet radio, small business, and hyperlocal content, East Village Radio (EVR) has announced that it will shut down its operation on May 23. The famous pureplay is owned by a New York restaurateur, Frank Prisinzano, who cited rising music-licensing expenses as the reason for turning off the station. Continue Reading