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Recording Industry Might Just Keep Webcast Royalties

from the don't-want-'em? dept

While the recording industry pushed so hard for compulsory licensing fees for radio webcasts and so hard against compulsory licensing for downloads (realizing, of course, they can sell downloads, but can’t sell webcasts), it turns out that the fine print says that SoundExchange, the supposedly not-for-profit “affiliate” of the RIAA gets to keep any of the unclaimed royalties from the compulsory licenses. Seems like a pretty good deal for the RIAA. They collect the fees, and if no one steps up, they keep the fees. Whatever happened to all that talk about “doing what’s best for the musicians?” It seems like you could make a bigger case that this is actual “theft” than downloading a song.


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