Tuesday, June 26, 2007

Save Net Radio!

I like listening to Yahoo! Music LAUNCHcast once in a few days when I am all joshed up to listen to some new English tracks. Tried doing that on my Messenger today and guess what I got to see..

"LAUNCHCast and other webcasters are silent today.
Go to www.savenetradio.org for more information."

Well I was curious to know what this was all about..

Few months back the Copyright Royalty Board (CRB) of USA which looks into sound recording royalties paid by Internet radio services increased Internet radio's royalty rates. Even after Recording Industry Association of America (RIAA) requested CRB to reduce the royalty rates, CRB has moved on to multiply it further!

Internet radio Industry has started to grow and such ruling will definitely lead to the Internet radio services going bankrupt and they will surely stop webcasting if this royalty rate is not reduced back again.

"the wonderful diversity of Internet radio is enjoyed by tens of millions of Americans and provides promotional and royalty opportunities to independent labels and artists that are not available to them on broadcast radio. What you may not know is that in just the last year Internet radio listening jumped dramatically, from 45 million listeners per month to 72 million listeners each month."

So what does SaveNetRadio do to fight against this?

The SaveNetRadio has been formed to represent every webcaster, every Net Radio listener, and every artist who enjoys and benefits from Internet radio Industry.

Click here for more info!

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