The Performance Royalties Act and the Webcaster Settlement Act were debated today by the U.S. House Judiciary Committee. The Performance Rights Act, supported by Billy Corgan, would impose a “performance tax” on broadcast radio stations, which traditionally don’t pay artists and labels. In fact, some say that major labels have paid stations in exchange for airplay in the past. The Committee voted 21 to 9 to send the Act to full House for a vote.
The Webcaster Settlement Act would lower royalty rates for Internet radio services. Jonathan Potter, Executive Director of the Digital Media Association said that the Act will make sure “Internet radio royalties are determined using the same fairness-based balancing test that has always been the standard for setting cable and satellite radio royalties.” Read more...
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