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
Beasley Broadcast Group Names New Management Team In Tampa-St. Petersburg
Beasley Promotes Chris O’Kelley To OM In Augusta, GA
Darla Thomas Named PD At WLNK-FM
November 25, 2014
Entravision Announces Extension Of Share Repurchase Program
OG 97.9 FM Debuts In Atlanta Today
Kassof Research: Country P1’s: Country Proud
In Brief - November 25, 2014
November 24, 2014
T-Mobile Doubles Down On Music Freedom, Adds 14 New Services
Shawn Barron Named VP, Urban A&R For Atlantic Records
Kassof Research: A/C P1’s: Comfort Food
In Brief - November 24, 2014
November 21, 2014
RAB Report: Radio Shows Double-Digit Growth In Digital Revenue For Q3
The Week In Review: 11/17-11/21
Jaysson Reno Named VP, Sales For KGO-AM, KSFO-AM
Kassof Research: CHR P1's: Excited & Social
In Brief - November 21, 2014
November 20, 2014
Cumulus Promotes Jeff Davis To National Director Of Stratus Music Scheduling
Mike Fredrick Named Hubbard Radio Cincinnati VP/Market Manager
Hubbard Radio Announces New Division, 2060 Digital, LLC
Kassof Research: Christian Radio P1’s: Mission Accomplished
In Brief - November 20, 2014
November 19, 2014
Musicians On Call Raises $700,000 At 15th Anniversary Celebration
iStreamMEDIA Adds Christopher Cottrill As VP/Music Content, Programming
Jordan Blaugrund Promoted To VP, Digital Marketing, RCA Records
DeVito/Verdi Retained To Drive Awareness Of NextRadio App
Music News
One Direction Celebrate 4th Straight #1 Album
Quick Hits: Rihanna, Bruce Springsteen, Prince, Scott Stapp
Fall Out Boy To Drop Album in January
Quick Hits: Kurt Cobain, One Direction, Bob Dylan, Baha Men
One Direction Dominates 2014 AMAs
Katy Perry Is Ready For Some Football
Quick Hits: 5 Seconds of Summer, Drake & 2 Chainz, Grammy Foundation Legacy Concert, James Blake & Kanye West
Iggy Azalea, J. Lo To Team Up on AMAs
The Week In Review: 11/17-11/21
Quick Hits: Saturday Night Live, Billboard Touring Awards, YouTube Music Awards, Arcade Fire
Quick Hits: One Direction, Taylor Swift, Young The Giant, Guns N' Roses, Jimmy Ruffin
Taylor Swift's 1989 Remains At #1
Quick Hits: U2, Katy Perry, Paramore, Lana Del Rey, The Voice
Foo Fighters Announce Major 2015 North American Tour
Ed Sheeran Launches "Thinking Out Loud"
FMQB NOW

Jon Zellner
SVPP, iHeartMedia

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!