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