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|RIAA Comment On Re-Introduction Of Fair Play Fair Pay Act|
|Written by Administrator|
|Tuesday, 04 April 2017 05:51|
Representatives Jerrold Nadler (D-NY), Marsha Blackburn (R-Tenn), John Conyers (D-Mich), Darrell Issa (R-CA), Ted Deutch (D-Fla), and Tom Rooney (R-Fla) introduced The Fair Play Fair Pay Act designed to help music creators get paid fairly when their music is played across various platforms, including AM/FM radio, SiriusXM and others. Below is a comment on the bill from RIAA Chairman & CEO Cary Sherman.
"This bipartisan bill helps create a more level playing field when music is played on various platforms. By doing away with Big Radio's subsidy that rips off artists and labels, helping streamline producer payments, fixing the pre-'72 loophole to help legacy artists get paid, and finally bringing SiriusXM's antiquated rate paid to music creators into alignment with its competitors, this bill is much-needed legislation made to fit today's modern music industry. We thank Reps. Nadler, Blackburn, Conyers, Issa, Deutch, and Rooney for their leadership on these important issues."
According to the congress, The Fair Play Fair Pay Act will:
* Create a terrestrial performance right so that AM/FM radio competes on equal footing with its Internet and satellite competitors who already pay performance royalties. This would resolve the decades old struggle for performance rights and ensure that-for the first time-music creators would have the right to fair pay when their performances are broadcast on AM/FM radio.
|Last Updated on Tuesday, 04 April 2017 06:36|
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