Yahoo Inc Internet radio service is not required to pay fees to copyright holders of songs it plays, according?to a federal appeals court in New York ruling – a defeat for Sony Corp’s BMG Music.
Friday’s ruling is a setback for record producers that have struggled with slumping sales as customers increasingly obtain music online or through other means.
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The three-judge panel said the service is required only to pay licensing fees set by SoundExchange, a nonprofit that collects royalties on sound recordings. It was the first federal appeals court to decide the issue.
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