Sunday, August 17, 2008

That's it. I'm done. Never paying for music again.

Goodbye Pandora (and the rest of web radio)

And it drives me crazy knowing that they don't care - SoundExchange, the RIAA, record labels, they could give a damn about me because they've got millions already paying them. At what point would they care....or could we just get rid of them?

From the article:

Last year, an obscure federal panel ordered a doubling of the per-song performance royalty that Web radio stations pay to performers and record companies.

Traditional radio, by contrast, pays no such fee. Satellite radio pays a fee but at a less onerous rate, at least by some measures.

As for Pandora, its royalty fees this year will amount to 70 percent of its projected revenue of $25 million, Westergren said, a level that could doom it and other Web radio outfits.

Oh, and:
Moreover, they [SoundExchange*] complain, Internet radio stations have done too little to make money from playing their songs.

Seriously? Seriously???

God forbid they just play music for enjoyment.

* SoundExchange is an organization that collects royalty fees on behalf of artists - whether or not the artist wants them to, or is actually getting the cash.

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