The Copyright Royalty Board, a three judge panel responsible for the March 2nd ruling that set webcast performance royalties at their new increased rate, has denied all parties' motion for rehearing of the ruling.Link to RAIN
The Board claimed that the motions introduced no new evidence and were therefore legally insufficient.
Webcast legal vet David Oxenford, speaking at the RAIN Summit this morning, said the board "denied all the motions for rehearing on procedural grounds."
The CRB did not offer any type of clarification or additional information surrounding the minimum $500 fee per channel imposed by the new ruling.
Webcasters still hold out hope for negotiations with the record industry, action in the appellate court or legislative relief.