Washington, DC - Feb 16, 2009 - Sound Exchange and the National Association of Broadcasters (NAB) have reached an agreement on Internet streaming rates for local radio stations that simulcast programming over the Internet or that create new stand-alone Internet stations. The agreement provides discounts on previously-set rates for 2009 and 2010 and establishes rates for 2011-2015. Additionally, the NAB has reached separate agreements with individual record label groups that waive certain statutory format restrictions allowing, for example, certain artists to be played more often during a four-hour period.

The agreement was reached under the authority of the Webcaster Settlement Act of 2008 (H.R. 7080) and covers simulcasts over the Internet of all copyrighted commercially-released musical performances.