August 18, 2008

The Rich Get Richer…

Filed under: Uncategorized — numist @ 11:48 pm

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!.


1 Comment »

  1. 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 | Reply

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