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Study Says $2.3B in Net Radio Royalties by '08

Posted by CowboyNeal on from the biding-their-time dept.

An anonymous reader writes "According to a newly published report, the music industry will have a nice pile of cash to collect from net radio owners in 2008 — a staggering $2.3 billion to be exact. The report is based on current performance royalties paid by terrestrial radio vs. internet radio, and taking into account projected growth in listenership. Meanwhile, the corporate Clear Channels pay just $550 Million for broadcasting the same songs we've all heard before. Hardly a fair deal."

3 of 102 comments (clear)

  1. Good business idea by Sunburnt · · Score: 3, Funny

    If you have a crowd of credible amateurs giving your product exposure in a new medium with excellent youth market penetration, the best thing to do is shut it down. After all, they should be re-imbursing the labels for...um...the free product advertising?

    Oh, wait, that's actually a terrible idea. And from those peerless innovators in the recording industry - who knew?

    --
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  2. Re:screw them by Anonymous Coward · · Score: 1, Funny

    neat, that's like a terrorist-cell organization for music piracy.

    I'm curious how the RIAA would bust that one... looks watertight

    But I'm not sure that's what you meant when you built it :)

    you could sure use a web designer though ...

  3. "Taking into account projected growth..." by jayhawk88 · · Score: 2, Funny

    OK say what you want to about the RIAA, but that's a funny line.