Bronfman Remains Upbeat About Performance Fee
August 7, 2009 at 5:02 AM (PT)
During YESTERDAY's Q3 Financial conference call, WARNER MUSIC GROUP Chairman/CEO EDGAR BRONFMAN JR. touched upon the ongoing battle over Performance Fee legislation. Despite evidence that Congress was lining up behind the NAB's position, BRONFMAN remained upbeat about the chances of passing a fee.
Said BRONFMAN, "I just wanted to provide a short update on two public policy issues. First is the status of the Performance Rights Act, the legislation introduced in Congress this FEBRUARY to require terrestrial radio broadcasters to pay for their performance of sound recordings as other radio broadcasters do. After receiving the support of the House Judiciary Committee in MAY, the Senate Judiciary Committee held a hearing this TUESDAY to consider the bill. We are encouraged by the progress being made toward the passage of the Performance Rights Act, enactment of which would validate the important contributions of recording artists and sound recording owners. It is also great to be working together with artists and creators through THE MUSIC FIRST COALITION pursuit of correcting decades-old inequity."