Wednesday, 31 October 2012

News: Internet Radio Coalition Forms To Bring Royalties To Internet ...

October 29, 2012

Last week the Internet Radio Fairness Coalition was?officially?launched. This coalition is made up of several internet and radio broadcast services. They have aligned together for one common goal: to urge congress to support and pass the Internet Radio Act Of 2012.?If Congress passes this act, the royalty system will be apart of internet radio.

?The Coalition?believes that the IRFA will create a sustainable business model for the music industry, giving consumers ?more choices and more products for listening to the music they live; enable artists to earn more money as Internet radio grows; create a marketplace that will attract entrepreneurs to invest in new, innovative ways to deliver music to the public; and drive higher revenues for record labels.?

The IRFA would also:

  • Provide all forms of digital radio the same standard at rate-setting proceedings before the panel of judges on the Copyright Royalty Board;
  • Provide for Presidential nomination and Senate confirmation of CRB judges, and;
  • Promote a competitive marketplace by making it easier for artists and labels to negotiate directly with digital radio services and arrive at a negotiated rate outside the CRB process

Below are a list of ?founding members that form the coalition:

  • 977 Music
  • AccuRadio
  • Clear Channel Media and Entertainment
  • Computer and Communications Industry Association (CCIA)
  • Consumer Electronics Association (CEA)
  • Digital Media Association (DiMA)
  • Digitally Imported
  • Engine Advocacy
  • National Religious Broadcasters Music License Committee
  • Pandora
  • Radio Paradise
  • Salem Communications
  • Small Webcaster Alliance (SWA)

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Props to Hypebot

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Source: http://allindstrom.com/2012/10/news-internet-radio-coalition-forms-to-bring-royalties-to-internet-radio/

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