The rising fees of webcasting, threaten to shut down Pandora.
Call me crazy but I thought the point of making music was to have people hear it… It’s sad that the innovative companies are saddled with exorberant fees. Perhaps thats the point, to make them go out of business, though I doubt the Old Music industry could create something as clever and useful as Pandora.
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1
Adam
Aug 19, 2008 at 10:54 am
Some more info from this article…
“And it’s about to get worse. Under the 2007 agreement, fees will nearly double by 2010. If that weren’t enough, hearings to begin soon will set royalty rates for 2011 and beyond, and many assume those rates will be even higher.”
I find this interesting too:
“The Copyright Royalty Board is comprised of a three-judge panel, selected by the Librarian of Congress. In essence, the fate of all musical-performance royalties is decided by three men selected by the nation’s librarian.”
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