"It may surprise Americans to learn that the form of radio they listen to has profound implications for how much the artists who perform the music get paid," writes Pandora founder Tim Westergren in a new editorial for the Huffington Post. He goes on to point out the "absurd" difference in the rates webcasters, SiriusXM and AM/FM broadcasters pay to performers.
The answer, argues Westergren, is "a technology-neutral solution that assures fair compensation to artists while encouraging new voices and new technologies. Legislation that establishes a fair royalty rate setting standard for Internet radio will drive investment in webcasting, which ultimately means greater revenue and greater opportunity for working artists."
You can find Westergren's full article in the Huffington Post here.
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