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Royalties are called music licenses these days. Only BMI, to date, charges a Part 15 licensing fee annually of $200.00. ASCAP and SESAC don’t have specific licensing fee schedules for Part 15 stations yet.
However, music licensing is required by federal law (Digital Milleniem Copyright Act-DMCA) on streaming audio internet radio stations. Some broadcasters use Live 365 to take care of the reporting to BMI, ASCAP, SESAC and Sound Exchange. See http://www.copyright.gov/carp/webcasting_rates_final.html
In the past couple of years, companies like Loud City and SWCast began offering services to handle music licensing for internet radio stations. Federal law for internet licensing is different than terrestrial stations in that they charge per/server source or launch site. Many stations launch from the same site thereby cooperatively licensing all their music at once. And the best part, the cooperative keeps track of the music played on your station and submits the reports and pays the fees for you. Overall, the cost per station is substantially less than terrestrial station fees. Monthly fees start at about $20.00 a month and go up from there.
Check here for more info:
Internet broadcasting law has special music rotation and requested music regs that are nearly inviolate. So before you jump in, make sure your automation software or music scheduling software can emulate the separation rules required by the music licensing law.
I have an internet radio station simulcasting with Part 15 AM/FM. I use Spacial Audio SAM3, Music1 and Loud City for internet scheduling and license compliance. Due to the micro impact that the Part 15 stations make, BMI has not required a music license as yet. Hopefully this information will be helpful to someone.