RAIN: Be Afraid If The Performance Act Passes
March 9, 2010 at 12:34 PM (PT)
THE NEW YORK TIMES published two articles YESTERDAY (3/8) that discussed the issues of performance royalties and the COPYRIGHT ROYALTY BOARD. KURT HANSON's RAIN NEWSLETTER writes TODAY, "The first article aired the grievances of the recording industry and performers who want broadcast radio to pay them for the use of music. Bills in both houses of Congress right now would have the CRB use the 'willing buyer willing seller' standard to determine such a royalty. The second article discussed PANDORA's hard-fought road to profitability, and the fact that CRB-determined royalties nearly killed the service."
What HANSON goes on to say is that "THE TIMES didn't connect the two stories, but industry legal expert DAVID OXENFORD did. And, as he points out, broadcasters have no idea what sort of royalty they'd be facing should the Performance Rights Act pass."
Read the full article at www.kurthanson.com.