At a special meeting called by Congress late yesterday, SoundExchange agreed to delay the royalty rate increase that would have shut down many net music broadcasts and services on Sunday. Negotiations are ongoing, but for the first time in months things appear hopeful.
"It was getting pretty close." Tim Westergreen, the founder of Pandora told Wired.com. "I always had underlying optimism that sanity was going to prevail, but I was beginning to wonder."
Public reaction appears to be driving the process; so its not too late to contact your Congressman and weigh in. Page down to see how and for much more on this developing story.