Internet Radio has been saved today, for the time being at least, after SoundExchange signed a deal with radio webcasters.
SoundExchange is the organization in charge of collecting royalties for musicians and the record labels relating to online music.
The deal, settled after 2 1/2 years of very public disputes over proposed royalty increases, will allow Internet Radio to survive. ... [ read the full article ]
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Another fine example of the wonderful RIAA type people who rape people for money, funds that ALL of which goes directly to the artists! Because they care SOOO MUCH about the artists!
I can't believe they were expecting .19 USD per listener next year. They love to blame the world for their failure to make money. Here is yet another prime example of their insanity. They want to kill any revenue stream they have. They never have been able to understand a million pennies are better than one dollar. The math must be way too advanced for them.
This "and then .19 of a cent for 2010" must be mis-worded because that would be $0.0019 per song not $0.19 or 19 cents as Mez states. If it is 19 cents per song which would be my guess they are nuts, which we all know they are. Maybe they should put provisions in for rates adjusted to a full moon, carbon credits, and leap year just to make it more complex.
Still the fee is crazy high but not completely insaine.
The will ruin the world's music before they go under.
I am glad for P2P and mp3 players. With the advent of newsgroups, there will always be a vast store of black market music that will remain secreted away. They will preserve what was shared forever.
I have what I want so they can charge a million per tune for all I care!
Originally posted by H0bbes: Another fine example of the wonderful RIAA type people who rape people for money, funds that ALL of which goes directly to the artists! Because they care SOOO MUCH about the artists!
"With the furor over the impending rate hike for Internet radio stations, wouldn't a good solution be for streaming internet stations to simply not play RIAA-affiliated labels' music and focus on independent artists? Sounds good, except that the RIAA's affiliate organization SoundExchange claims it has the right to collect royalties for any artist, no matter if they have signed with an RIAA label or not. 'SoundExchange (the RIAA) considers any digital performance of a song as falling under their compulsory license. If any artist records a song, SoundExchange has the right to collect royalties for its performance on Internet radio. Artists can offer to download their music for free, but they cannot offer their songs to Internet radio for free ... So how it works is that SoundExchange collects money through compulsory royalties from Webcasters and holds onto the money. If a label or artist wants their share of the money, they must become a member of SoundExchange and pay a fee to collect their royalties.'"
pphoenix, you got that right. Your forgot the media's responce to the writers guild wanting a real peice of the pie. Even though the law was to "protect the artists", the media claimed the business modle was too complex for them to get a stright percentage. There was a 6 month strike over that one.
