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RIAA and Net Radio Broadcasters Reach Agreement

Posted by samzenpus on from the pay-up dept.

An anonymous reader writes "The RIAA and internet web broadcasters have reached a royalty agreement. Instead of facing massive increases per song played, they will be generally charged 10.5% of their yearly revenue."

10 of 284 comments (clear)

  1. 10.5% of yearly revenue... by SupremoMan · · Score: 5, Funny

    Is that their monthly fee?

  2. More money than GOD?! by agnosticanarch · · Score: 2, Funny

    10.5%?!? But GOD only gets 10%?!? The RIAA out-tithed the Holy Tither!

    --
    I contend that we are both atheists. I just believe in one fewer god than you do.
  3. Isn't this also called... by Xanlexian · · Score: 2, Funny

    ... a "vig"?

    Pay your vig, you get protection. Don't pay your vig, we break your kneecaps and destroy your place of business.

    --
    "Congratulations, Boots. Your robot has become self-aware. You're a daddy now." -- Dr. Rho Bowman
  4. This supports P2P Radio! by Anonymous Coward · · Score: 1, Funny

    Since that has a revenue of zero.

    Thanks RIAA, we knew you had a heart in there somewhere. ;-)

  5. Re:This is unheard of, but... by Cyberax · · Score: 5, Funny

    Or compress it to sound louder...

  6. Ahhh...how biblical by oDDmON+oUT · · Score: 4, Funny

    It's the RIAATithe©.

    --
    Some days it's just not worth
    chewing through my restraints.
    1. Re:Ahhh...how biblical by Kreigaffe · · Score: 2, Funny

      The extra 0.5% is because john lennon is bigger than jesus.

      --
      ... still waiting for this free-as-in-beer free beer I keep hearing about. :|
  7. Re:Supply and demand, indeed by roaddemon · · Score: 3, Funny

    And that's not even including the drugs.

  8. Good news and bad news by russotto · · Score: 2, Funny

    For webcasters, the bad news is the RIAA is taking 10.5% of their revenue. The good news is that they've got the MPAA's accountants to do their books...

  9. Re:Supply and demand, indeed by kalirion · · Score: 2, Funny

    Phase 1: Make every profession a hobby.
    Phase 2: ?
    Phase 3: Communism.

    And my way doesn't even need any blood spilled. Take that Marx!