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Consumer Electronics Association Favors Bill

9-24-2012

Following the announcement of the Chaffetz bill, the CEA also announced its support. CEA Senior VP of Governmental and Regulatory Affairs Michael Petricone said, “The changes proposed by the Internet Radio Fairness Act are simple and long overdue. They will drive innovation, investment and jobs, not just in Internet radio but also in the hardware used to access Internet services. They will benefit consumers by enabling exciting new digital music services and technologies. Finally, they will benefit artists by creating a vibrant online music ecosystem that compensates artists and performers."

Petricone went on to say, “We urge the House and Senate to pass the Internet Radio Fairness Act as quickly as possible. Under today’s outdated rules, Internet radio providers are forced to pay a significantly larger percentage of royalties than their competitors. In some cases, Internet radio providers pay half of their annual revenues in performance royalties, while other music providers pay less than 10 percent. This irrational and unfair royalty system hinders investment and innovation in Internet radio."




(11/17/2013 8:07:43 PM)
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(10/26/2013 11:36:57 AM)
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- NY

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