[This post was authored by FMC Policy Intern Joseph Silver & Policy Fellow Daniel Lieberman]
Yesterday on Capitol Hill, the House Subcommittee on Communications and Technology rounded up some music industry bigwigs including Cary Sherman (CEO of the Recording Industry Association of America); Jeff Smulyan (CEO of Ennis Communications); Steven Newberry (CEO of Commonwealth Broadcasting Corp.); Tim Westergren (Pandora founder); Christopher Gutttman-McCabe (Vice President of CTIA Wireless); Gary Shapiro (President and CEO of the Consumer Electronics Association); and a single artist: Ben Allison, a New York-based jazz bassist. The panel, the title of which the recently deceased Ray Bradbury might even admire — “The Future of Audio” — featured a broad discussion that touched upon music, mobile technology, radio signals, and last, but hopefully not least, artist compensation.
Ahead of an important congressional hearing on digital performance royalties for non-interactive webcasts, the Future of Music Coalition urges Congress to establish a rate system that ensures artists get paid fairly and webcasters can continue to broadcast.
FMC has submitted testimony to the House Small Business Committee, which will hold a hearing Thursday on the Copyright Royalty Board’s controversial new rates for webcasters. Many small webcasters have complained the rates are so high they will be forced to stop broadcasting after the implementation date of July 15, while some musicians and copyright holders believe the new rates reflect fair compensation for the use of their work. read more