From the Washington Post:
SoundExchange, the organization that represents performers and record companies, said it supports the higher royalties for Internet radio because musicians deserve a bigger cut of Internet radio profits.
Aw, it sounds almost like the artists are actually going to get a dime of those increased royalties… how adorable. Too bad internet radio has to pay more in royalties per song than satellite radio by a gag-inducing proportion and most artists are still getting a pittance per song compared to the amount collected.
This industry needs a revolution. The middlemen are the only ones taking home a real profit.
thanks, carmen!.
Wonderful doublespeak. Watch closely:
“because musicians deserve a bigger cut of Internet radio profits.”
Cut means percentage. If you want to give them a bigger cut, go ahead, SoundExchange. Instead of increasing *the amount of collected royalties that artists receive*, they’re trying to increase the amount of collected royalties. What’s the difference? More for the middlemen.
Comment by Joe Auricchio — August 19, 2008 @ 4:54 am |