Obviously the publishing companies are getting jealous of the major labels as they’re pushing their own scheme to destroy the industry. The issue is royalties for webcasts and this has been haunting Internet radio stations for the past few years as the rate is set to sky-rocket. The end result has been a disaster- Internet radio firms say royalties limiting choices. Many stations have already shut down and many more will be gone soon too, even some of the bigger ones (Pandora, Live365). The royalty costs are just too much for them to stay in business. So then, web users will have one less legally-sanctioned way to experience music online and where do you think they’ll probably flock to then? Songwriters and publishers should get fair money for their work but when the end result is that the groups representing them (SoundExchange) destroy an industry that would ideally support and promote their work, who wins in that deal? It’s monumental stupidity and yet another example of the music industry killing itself. Publishing houses and songwriters should pressure SoundExchange to come up with a fairer scheme so that these stations can stay in business and the writers get paid fairly.
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