Apparently the Radiop Industry lobbyists haven't coughed up enough money to bribe Congress as much as all the new broadcast mediums such as Satellite radio.
For once I hope Congress approves this and fixes an imbalance that has gone far long enough.
Reem Crap Channel a new one boys. :thumbsup:
12-18-2007 Legislators propose new royalties for Big Radio
Lawmakers on Tuesday introduced legislation to undo a 50-year-old exemption that lets big radio companies like Clear Channel Communications Inc and CBS Corp air songs without paying record labels or performers any royalties.
SoundExchange, which collects and distributes royalties on behalf of artists and labels, welcomed the legislation.
"Today's legislation is a sign that Congress is beginning to recognize the inherent inequity in failing to provide fair compensation to recording artists from the multimillion-dollar radio conglomerates that use our members' music to drive ad sales," SoundExchange executive director John Simson said.
For once I hope Congress approves this and fixes an imbalance that has gone far long enough.
Reem Crap Channel a new one boys. :thumbsup:
12-18-2007 Legislators propose new royalties for Big Radio
Lawmakers on Tuesday introduced legislation to undo a 50-year-old exemption that lets big radio companies like Clear Channel Communications Inc and CBS Corp air songs without paying record labels or performers any royalties.
SoundExchange, which collects and distributes royalties on behalf of artists and labels, welcomed the legislation.
"Today's legislation is a sign that Congress is beginning to recognize the inherent inequity in failing to provide fair compensation to recording artists from the multimillion-dollar radio conglomerates that use our members' music to drive ad sales," SoundExchange executive director John Simson said.