Record Industry Has Forgotten About Its Artists

RealClearMarkets - The Record Industry Has Forgotten All About Its Artists: ".... Desperately trying to hold on to their power, influence, and profits, the industry has repeatedly turned to government to protect their bottom line. From extending copyright terms to life + 70, attacking fair use, and trying to ban new music technologies, the Recording Industry of America (RIAA) has repeatedly used its insider-status and influence with the government to try to protect its profits without changing the way it does business. The latest power grab is an effort to try to monopolize royalty rates with the purposely misnamed legislation known as the Free Market Royalty Rate Act, introduced by Rep. Mel Watt (D-NC)." Rather than show a need, existing studies shows only the contrary. There has never been a single study demonstrating harm to artists from broadcast radio. In fact, quite the opposite. According to a study produced for the National Association of Broadcasters: "There is a direct correlation between the number of ‘spins' (plays on free, local radio) and the sales of albums or singles. ... It is this promotion ... that drives record sales." (read more at link above)

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