SoundExchange and the Corporation for Public Broadcasting have announced an agreement to govern royalty rates for webcasting through 2015.

Under the agreement, CPB will pay SoundExchange a total of $2.4 million for the term 2011-2015, based upon anticipated system-wide usage and centralized administration. If usage exceeds expectations, additional payments will be made, which SoundExchange will distribute (along with the original lump sum) to the artists and rights owners who helped to create the music. The agreement applies to CPB qualified stations, NPR member stations and National Federation of Community Broadcasters (NFCB) participant member stations (along with NPR, American Public Media, Public Radio International and the Public Radio Exchange).

This agreement was completed in late July but publicly announced today and is one of several similar agreements made under the Webcaster Settlement Act of 2009. SoundExchange noted that these modified rates, for qualified public radio stations, are intended to accommodate the special circumstances faced by this group of stations, and do not reflect a market value for music.