Indie Labels, Artists Tell SoundExchange To Make a Deal
October 16, 2007 at 11:59 AM (PT)
Dozens of artists and independent labels have released a press statement to the press that calls on major label proxy SOUNDEXCHANGE to offer royalty rates that will sustain --- and not cripple -- Internet radio.
"Our music has found a home, an audience and a fan base online, and particularly through Internet radio," the statement read. "Internet radio is one of the great music discovery tools for fans of all artists and all genres. In addition to promoting our music Internet radio pays royalties -- a great combination.
"It has been several months since thousands of artists and millions of Internet radio fans called on CONGRESS to help, and yet we appear to be no further toward a permanent solution now than we were then. The uncertainty of Internet radio's future harms artists and independent labels as we prepare tour schedules and album promotions for 2008. Net radio is a significant part of our marketing strategies, but that seems to be lost in the continuing fight over royalties.
"We like being paid for Internet radio performances, but we benefit from high royalty rates only if Net radio services can afford to stream our music. If services are bankrupted by high royalties, they play no music and pay no royalties -- and we lose. As the intended beneficiaries of sound recording performance royalties, we reject this outcome. We urge SOUNDEXCHANGE, on behalf of the independent artists and labels they represent to find a reasonable and lasting solution as soon as possible."