Judge Approves Agreement on Online Music Royalties

A New York federal judge has approved an interim agreement over royalties that must be paid to songwriters and music publishers when over-the-air radio stations stream music online. U.S. District Court Judge Louis L. Stanton approved an agreement between radio stations and music-licensing agency Broadcast Music Inc. (BMI) that requires radio stations to pay 1.065 percent of revenues generated by online music streaming.