New Webcasting Deals Reached

Digital music royalty collector SoundExchange has completed four independent agreements with Sirius-XM, College Broadcasters Inc. and the National Religious Broadcasters Music License Committee, which will set the rate structure for the webcasters through 2015. An additional agreement signed late Thursday night will be confirmed publicly in coming weeks, officials said Friday. While the rates and terms are specific to each group, they all involve pre-set annual increases to reflect the rising value of sound recordings.