Senator Wyden Defends Internet Radio Fairness Act
November 14, 2012

Sen. Ron Wyden (D-OR) gave a keynote address on Tuesday at the Future Of Music Summit, defending the proposed Internet Radio Fairness Act. Wyden told attendees that "Music is still dominated and controlled by a couple of multinational corporations who, in effect, act like a duopoly to maximize their profits, not maximize the compensation of artists and not maximize musical choice."

Wyden is the lead Senate sponsor of the bill and argued that the current royalty rates are unfair to webcasters because they are held to a different standard than cable or satellite radio services. He added that "It is the job of policymakers to ensure that the law and public policy doesn't favor one business model over another, and particularly, that it doesn't favor incumbents over insurgents. We've got to make sure that the past doesn't get a leg up on the future."

The Senator also took aim at the major record labels, saying that "For much of the last half century, the music business has essentially been a vertically-integrated industry managed by a few big record companies. These are the companies -- these record companies -- who in my view are using uncompetitive practices to crowd out the competition on radio and TV and record stores and elsewhere."

He continued, "They are the people that made 'payola' a household word. The result in my view is less artistic innovation, and fewer innovations that will be widely shared and consumed. Now, if it weren't for the disruptive independent record labels -- I'm talking about people like I.R.S. and Sub Pop and Tim/Kerr -- we might never have known much about bands like R.E.M., and Nirvana and The Replacements, who I just told you I don't want to dedicate a lame duck session of Congress to, but I sure want us to remember their enduring influence on not just rock music, but on their contributions to our culture and an entire generation."

"I personally think if the royalty rates are lower, the Internet broadcasting market becomes larger, and that's a strategy for creating more income for artists, more music choices for consumers and a broader array of music," Wyden added.

Sen. Wyden's comments can be read here (via Digital Music News). 




 
Breaking News
eQB NOW
CBS Corporation Reports 2015 Fourth Quarter And Full Year Results
Pandora Reports Q4 and Full Year 2015 Financial Results
Jason Kidd Joins Mix 107.3/Washington, D.C. As Afternoon Drive Personality
Z90/San Diego Co-Host Named For “Morton In The Morning”
In Brief - February 12, 2016
February 11, 2016
Charlie Walk Named President of Newly Formed Republic Group
Warner Bros. Ups Luke, Ravikoff in Rock Promo Positions
Entercom Reports Fourth Quarter and Full Year Results
Nielsen Reports 4th Quarter And Full Year 2015 Results
WBLI/Long Island Announces Drive Time Live With Syke & M.J.
February 10, 2016
iHeartMedia Promotes Senior Programmers To Executive Vice Presidents
CBS Radio Celebrates Grammy Awards With Over-The-Air & Digital Programming
February 9, 2016
RAB: Radio Increasing Focus On Digital Sales
107.1 The Brew Is Sacramento's New Home For Rock
In Brief - February 9, 2016
February 8, 2016
"Saturday Night Online" Rebrands As "Most Requested Live With Romeo"
iHeartMedia Names Travis Moon Director of Country Operations for the Austin-San Antonio Region
Entercom Kansas City Announces Appoints Alan Furst PD Of KMBZ
February 5, 2016
Stu Bergen Named CEO, International & Global Commercial Services For Warner Music Group
JoJo Turnbeaugh Named SVP of Programming for iHeartMedia Las Vegas
In Brief - February 5, 2016
February 4, 2016
John Strazza Joins RECORDS
Greater Media Promotes Buzz Knight to SVP of Program Development
Music News
Kanye Debuts New Album at MSG, But No Official Release Yet
Quick Hits: Drake, The Grammys, Dr. Dre, Glenn Frey
Kanye West Unveils The Life of Pablo
Quick Hits: The Grammys, No Doubt / AFI, Bruce Springsteen, NBA All-Star performers, The Beatles, Eaux Claires festival
Gwen Stefani Announces New Album, Filming Live Video During Grammys
Quick Hits: The Grammys / Eagles, Adele, Kelly Clarkson, The Grid NYC
Taylor Swift Leads Nominees for iHeartRadio Music Awards
Quick Hits: Kanye West, Disturbed & Breaking Benjamin, Lionel Richie tribute, Seether, Lamb of God, Way Home festival, Good Charlotte
Beyoncé Announces "Formation" Stadium Tour, Releases New Single
Metallica At CBS RADIO’s “THE NIGHT BEFORE” Concert in San Francisco
Rihanna Reaches #1 With Anti
Quick Hits: Grammy Awards, Zayn, Adele, Dead & Company, The Monkees, The Neighbourhood
Earth, Wind & Fire's Maurice White Dead At 74
The Entertainment World Remember Maurice White
Quick Hits: Rihanna, Lady Gaga, Future, The Lumineers, Stone Temple Pilots
FMQB NOW

Dom Theodore

Advertisement:
Search FMQB.com
Advertisements:
FMQB Member Login
Email:
Pass:

Save
Not a member yet?
Sign up Now!
Sign Up for Breaking News!
Enter FMQB E-Tracking!