Rep. Mel Watt Announces Another Try At A Performance Royalty Bill
July 25, 2013 at 9:15 AM (PT)
Rep. MEL WATT (D-NC) announced TODAY that he plans to introduce another performance royalty bill this year. WATT has previously introduced similar measures to require radio stations to pay royalties to performers for music they play and has long been vocal about his perception that radio needs to pay performance royalties; he is awaiting confirmation to become the head of the Federal Housing Finance Agency, overseer of Freddie Mac and Fannie Mae.
NAB EVP of Communications DENNIS WHARTON responded, "NAB strongly opposes a new performance tax that would kill jobs at America's hometown radio stations while diverting millions of dollars to offshore record labels. We continue to support private, company-by-company negotiations that are driven by the free market, as is reflected by recent deals between broadcast radio stations and independent music labels. We appreciate the support of 154 members of Congress who know that local radio remains the premiere platform for exposing new music and generating sales for record labels."