Repeat Chord: Record Industry Lobbies Congress For Compensation

  • May 5, 2009
A new bill before Congress, backed by the record industry, hopes to compensate performers whose songs play on the radio, according to Red Orbit. It's a key ruling for the record industry, since CD sales are falling and digital sales are not soaring. The bill could also reward artists with an estimated $70 million to $100 million each year from radio stations abroad that play music from American artists but don't pay royalties. Similar legislation has failed in the past; it has often been blocked by the National Association of Broadcasters, which argues that performers and record labels already receive necessary compensation. However, some ground has been gained by decisions regarding Internet and satellite radio.

1 comment about "Repeat Chord: Record Industry Lobbies Congress For Compensation".
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  1. Bill Conway from KOIT, May 6, 2009 at 1:56 p.m.

    The money won't go to the artists. Almost all will go to the record labels, artist get pennies on the dollar. Record lables are no longer US owned so it takes money from US owned radio companies, struggling in this economy, to go offshore with little tax revenue. It doesn't help the artists it is supposed to.

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