Two lawmakers have introduced a bill to reverse the net radio royalty increase fee that goes into effect on May 15.
Reps. Don Manzullo (R-Ill.) and Jay Inslee (D-Wash.) introduced the bill in a bi-partisan effort yesterday in order to overturn the Copyright Radio Board’s decision that would increase the rate of royalties per song from .08 in 2006 to .19 in 2010, which would amount to a 30 percent increase each year. At that rate, the move would deplete internet radio stations’ revenues and force them out of business.
As expected, Sound Exchange reacted negatively to the bill. Executive Director John Simson called the bill “anti-artist”.
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