• Get involved.
    We want your input!
    Apply for Membership and join the conversations about everything related to broadcasting.

    After we receive your registration, a moderator will review it. After your registration is approved, you will be permitted to post.
    If you use a disposable or false email address, your registration will be rejected.

    After your membership is approved, please take a minute to tell us a little bit about yourself.
    https://www.radiodiscussions.com/forums/introduce-yourself.1088/

    Thanks in advance and have fun!
    RadioDiscussions Administrators

Enlist the bankers in the royalty fight?

R

radioskeptic

With so many radio operators on the brink financially, the performance royalty the RIAA is seeking could be the final blow that forces them to default on loans. Plenty of big banks, hedge funds and venture capital firms have investments in radio, so they should be no less concerned about that possibility than the broadcasters themselves.

Finance is tops in political campaign contributions, well ahead of the healthcare and energy industries, giving them a lot of influence on Capitol Hill. (If you doubt their clout, just consider the bank bailouts.) And as in all industries, much of that money comes in the form of individual contributions from executives.

While many of the major players in finance have a stake in broadcasting, they have virtually no interest in the foreign-owned major labels that control the RIAA.

So why aren’t they interested in the royalty fight?

And why aren’t broadcasters trying to make their creditors aware of the issue?

If all the executives at every financial firm with any stake in radio would write to their own local U. S. Representatives and their states’ U. S. Senators (mentioning their status as constituents as well as contributors, where applicable), as well as to other members to whose campaigns they've contributed -- or perhaps pick up the phone and talk to the appropriate legislative aides -- they could make a real difference. In fact, that could be the very thing we need to tip the scales in radio’s favor!
 
You know, there's an easy answer to this whole question.

The recording artists want royalties? Fine. Pay them royalties, BUT make PAYOLA legal. We'll see who comes out ahead.

It seems to me that the recording artists and companies established the value of radio airplay as recently as the payola scandals of a couple of years ago. If airplay has enough value to temp the recording companies to BREAK THE LAW, then that value should offset any royalty payments.
 
Hey Look! I agree with Rox on something! This is a first.

The RIAA points out that every other country in the world has a performance royalty. BUT the US is the only country in the world with payola laws. So get rid of the payola laws. They're a joke anyway. While we're at it, let's change ALL the laws related to music and radio that are different in this country from the rest of the world. I bet the RIAA won't like that one bit. They just want to change the one law that benefits them. Nothing else. And they call that fair.
 
I have always felt the labels should be paying the radio stations, to get the stations to play their music. Making payola legal in the U.S. makes sense to me. I agree if anything, it would shut the RIAA up. The RIAA was meant to assure quality standards with respect to commercial music recordings, end of story.
 
Status
This thread has been closed due to inactivity. You can create a new thread to discuss this topic.


Back
Top Bottom