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Performance Tax (The Facts)

H

hungryhawk

This seems to be about as popular as a stinker around the watercooler but still no facts seem to be available.

Does anyone know exactly how much the annual tax will be for stations that make more than 100,000k per year?
 
hungryhawk said:
This seems to be about as popular as a stinker around the watercooler but still no facts seem to be available.

Does anyone know exactly how much the annual tax will be for stations that make more than 100,000k per year?
Click to expand...

Um...what happened to $250K?
 
My understanding (from a front page post yesterday at radio-info.com) is that the "tax" will get incrementally larger with relativity to "revenue". I don't know if "revenue" is based on profit or billing, net or gross... The fee starts at $500 for stations that have annual revenue of <100K and goes up from there. Stations with revenue of 125 MILLION will "negotiate" thier "tax".
 
Re: H.R. 848, the proposed Performance Royalty, gets a mixed review from the GAO

TheRover said:
H.R. 848, the proposed Performance Royalty, gets a mixed review from the GAO
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The record industry tried this in 1967, too. It's written up in Broadcasting Magazine several times that year...
 
Again, once upon a time there were incredibly wealthy people who bought precious gems, valuable art, fur coats, luxury cars and yachts. Then came the luxury tax, and all those incredibly wealthy people stopped buying precious gems, valuable art, fur coats, luxury cars and yachts.

Don't wanna pay the tax? Don't buy the music. Take names of supporting artists.


TomT said:
Remember, that any rates set forth are subject to revision....

UPWARD!
Click to expand...

Tax his hat, tax his coat
Tax his sheep and tax his goat
Tax his shirt, tax his pants
Tax his song and tax his dance
Tax his street, tax his shoes
Tax his gas and tax his booze
If he hollers tax him more
Tax him til he's good and sore
 
hungryhawk said:
My understanding (from a front page post yesterday at radio-info.com) is that the "tax" will get incrementally larger with relativity to "revenue". I don't know if "revenue" is based on profit or billing, net or gross... The fee starts at $500 for stations that have annual revenue of <100K and goes up from there. Stations with revenue of 125 MILLION will "negotiate" their "tax".
Click to expand...

From a June 18, 2010 The Scranton Times Tribune article:

Under the bill, radio stations with gross revenues of less than $100,000 a year would pay annual fees of $500 per station to be divided between all performers and their record companies. Broadcasters who take in more than $100,000 but less than $500,000 a year would pay $2,500 annually, and stations that take in $500,000 to $1.25 million a year would pay $5,000.
 
Television rocker Mickey Dolenz of the Monkees will be joined by three members of Congress in a Capitol Hill performance designed to boost legislative support for the Performance Rights Act.

Dolenz will be appearing in the Capitol Visitor’s Center, and will be joined by a bipartisan set of sidemen, including Joe Crowley (D-NY) on guitar, Tom Rooney (R-FL) on drums and Ted Deutch (D-FL) on keyboard. Event organizers say there will be other surprise guests.

The session is scheduled for Wednesday 6/23/10 at 4:30 Eastern.
 
TheRover said:
Under the bill, radio stations with gross revenues of less than $100,000 a year would pay annual fees of $500 per station to be divided between all performers and their record companies. Broadcasters who take in more than $100,000 but less than $500,000 a year would pay $2,500 annually, and stations that take in $500,000 to $1.25 million a year would pay $5,000.
Click to expand...

That would be a real incentive to acidentally gross $100,100.00!
 
We have spent considerable effort changing BMI and ASCAP from revenue-based royalties, and along comes an entity representing foreign-owned music labels that wants a percentage of our revenues...

And we thought Sesac was the big ripoff!
 
TheRover said:
Television rocker Mickey Dolenz of the Monkees will be joined by three members of Congress in a Capitol Hill performance designed to boost legislative support for the Performance Rights Act.
Click to expand...

So after buring his career in multiple ways, he's committing radio suicide. Very smart. If it wasn't for broadcasting, no one would know who he was. And I mean WAS. He's a has-been, whose Monkee music doesn't get much airplay anymore. He won't make a dime from any royalty.

This is obviously a rip-off, which is already destroying satellite and internet radio. They now have their sites on doing the same for broadcast. They can play their little songs on Cap Hill all day. It's a waste of their time. The Congress doesn't want to see music go away from free radio. It would be like moving the Super Bowl to HBO.
 
Bill Wolfenbarger said:
We have spent considerable effort changing BMI and ASCAP from revenue-based royalties, and along comes an entity representing foreign-owned music labels that wants a percentage of our revenues...
Click to expand...

The songwriters, the publishers, and the PROs have been silent on this issue. Because they can see the huge disparity between what the labels are getting in digital royalties to what they're getting. This is going to blow the entire business apart. And in the end, no one will get any money, and the public will get another reason to avoid paying for music. Take a look at how the concert business is hurting this summer. Even The Eagles are canceling shows.
 
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