Trancendental
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The LA Times reports that the RIAA is looking for new revenue streams by getting radio stations to pay royalties on the songs they play. Traditionally radio stations have paid royalties to composers and publishers for playing their songs, but not directly to performers and record labels thanks to a federal exemption. The argument goes that the airplay alone is payment enough, in that it helps to sell records. But now, with CD sales in free-fall, and digital sales not picking up the slack, artists and labels are pressing to get that exemption repealed.
http://blog.wired.com/business/2007/05/riaa_wants_radi.html
The funny thing is that the Onion parodied this very idea 5 years ago. It's amazing how an idea that seemed wildly ridiculous 5 years ago has now become a serious congressional debate.
LOS ANGELES: The Recording Industry Association of America filed a $7.1 billion lawsuit against the nation's radio stations Monday, accusing them of freely distributing copyrighted music.
RIAA president Hilary Rosen and attorney Russell Frackman answer questions in a Los Angeles courthouse.
"It's criminal," RIAA president Hilary Rosen said. "Anyone at any time can simply turn on a radio and hear a copyrighted song. Making matters worse, these radio stations often play the best, catchiest song off the album over and over until people get sick of it. Where is the incentive for people to go out and buy the album?"
According to Rosen, the radio stations acquire copies of RIAA artists' CDs and then broadcast them using a special transmitter, making it possible for anyone with a compatible radio-wave receiver to listen to the songs.
http://www.theonion.com/content/node/27696