Sat, 10 Mar 2007

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

If you seek an object lesson in how established industries use government (and not free markets) to destroy newcomers and other competitors, look no further.

Web radio is in an uproar over this: you can find some online petitions here and here if you're inclined to believe that sort of thing actually works.

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.

(link) [Slashdot]

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