Today in order to send a message to not only congress but also to listeners of streaming Internet Radio, many sites like Live365 and AccuRadio have agreed to a day of silence. They will shut down all their streams for 24 hours.
The new royalties are scheduled to kick in starting around July 15th. These new requirements could bankrupt many providers. What’s worse, royalties are to be retroactive through 2006. Meaning many won’t just be out of business but will owe millions to the recording industry. news.com