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Audio Refugees • View topic - Radio Performance Royalty

Radio Performance Royalty

Business related issues revolving around Independent Music.

Radio Performance Royalty

Postby Chris K. » Wed Aug 25, 2010 5:49 am

Radio in the U.S. has never paid the performers whose records they air. They've only ever paid the songwriters and publishers. That may be about to change. Seems the NAB (radio) and the RIAA (recording industry) have negotiated an agreement in principle; one that would pay out $100MILLION a year in revenue to performers and record copyright owners. The bill mirrors the agreement established for online broadcasting. The royalty rate for online service would decrease. The net revenue to performers would increase. The one hiccup in the deal is that the NAB and the RIAA want Congress to mandate manufacturers to include an FM chip in mobile devices. Several electronic industry trade associations object to the proposal. Their contention is that it would decrease battery life and increase the cost to the consumer; and that there is no current market demand for the chip in the U.S.
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Chris K.
 
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