I don't claim to be an expert on this, I'm just playing catch up an hour
or so ahead of you! But this is what they have to say on it:
http://www.streamingmedia.com/PressRelease/Dolby-Laboratories-Announces-MPEG-4-AAC-Licensing-Program_7230.aspx

It seems that there is no cost for content distribution using AAC, but
encoders and decoders incur a royalty fee.


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