Internet radio in the US is dead
Thanks to some new legislation, the internet radios in the US are getting their rates tripled, so that they'll end up paying something like 70-80% of their revenue as copyright fees. Ok, you say, but the artists must get money for their hard work! I agree. But this is not about paying the artists. Check out this interview with Pandora.fm's founder, Tim Westergren:
Sinnreich: So you believe that one of the strategic reasons the RIAA has for supporting these higher rates is so labels can offer a competitive lower rate directly to webcasters, which would mean more income overall for labels and less income for artists?
Westergren: That’s exactly right.
Sinnreich: That sounds pretty nefarious.
Westergren: It’s business. These are businesses that are struggling, and they’re trying to maximize revenue.
(Via Boing Boing.)
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