New Royalty Rates Could Kill Internet Radio
FlatCatInASlatVat writes "Kurt Hanson's Radio Internet Newsletter has an analysis of the new royalty rates for Internet Radio announced by the US Copyright Office. The decision is likely to put most internet radio stations out of business by making the cost of broadcasting much higher than revenues. From the article: 'The Copyright Royalty Board is rejecting all of the arguments made by Webcasters and instead adopting the "per play" rate proposal put forth by SoundExchange (a digital music fee collection body created by the RIAA)...[The] math suggests that the royalty rate decision — for the performance alone, not even including composers' royalties! — is in the in the ballpark of 100% or more of total revenues.'"
"New Royalty Rates Could Kill Internet Radio"
- or internet radio can adapt and survive.
It's show-biz, people. Biz=business. Welcome to capitalism, the free-market economy, etc., etc.
We'll go a lot farther spending less time on conspiracy theories suggesting Big Bad Biz wants to run The Innocent Little Guy out of town, and spending more time on adapting and coming up with real-world solutions to real-world problems. Read a book on basic business principles and apply some of the ideas held therein.
RTFM; please, I beg you.