| Plus, I doubt they will lose anything anyway. Remember, this latest change to the internet radio rates that everyone is having issues with is RETROACTIVE!! Its retroactive to begining of 2006, so the radio stations will owe 1 years worth right off the bad.
All they will do is when 2010 rolls around, they will make it retroactive to now, and suddenly all the internet radio stations will owe massive amounts of money. So basically RIAA puts off a few bucks now in return for total annihilation in a few years. Pretty good deal for them.
Minimum charge if congress doesn't stop the latest change is $500 per channel per year, and the planned increases only go up from there. There's also a per song charge:
"2007's rate is a 37.5% increase over 2006; 2008 and 2009's annual increases are about 28% per year"
Keep in mind that broadcast radio does NOT PAY ANY ROYALTIES TO ARTISTS!!
I'm sure the RIAA loves it like that. If you are signed up with RIAA, you have to have a million seller album before you can break even because of all the fees and charges the labels take away from artists. |
