All Posts Tagged Tag: ‘SoundExchange’
The other day I posted an article about Pandora’s probably upcoming demise as a result of a royalty rate hike put in place by SoundExchange, which represents record labels and the artists signed to them. If popular opinion around the ‘net is any indication, the issue is a lot larger than Pandora shutting down.
An Industry in Peril
Talk about getting it from both ends. If you haven’t been following the Recording Industry Association of America’s (RIAA) downright persecution of the webcasting industry, you might be surprised to know that not even stations that play independent music can get beyond the RIAA’s reach.
In March, the U.S. Copyright Royalty Board approved a proposal by SoundExchange, working on behalf of the RIAA, which would implement a significant increase in royalty rates for streaming audio providers. Realizing that these rates would put them under, online radio stations banded together in one last desperate appeal to the CRB to reconsider the decision.
Unfortunately for Internet radio providers, and for music lovers around the world, the judges at the CRB denied the appeal headed up by NPR and joined by several online radio stations.
In a decision that could drive the nail in the coffin to Internet radio providers, the U.S. Copyright Royalty Board has endorsed a proposal by SoundExchange to enact royalty rates for webcasts and streaming music sites that will stay in effect from 2006 until 2010.