RIAA Comment On Re-Introduction Of Fair Play Fair Pay Act PDF Print E-mail
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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.

* Bring true platform parity to radio so that all forms of radio, regardless of the technology they use, pay fair market value for music performances. This levels the playing field and ends the unfair and illogical distortions caused by the different royalty standards that exist today.

* Ensure terrestrial royalties are affordable capping royalties for stations with less than $1 million in annual revenue at $500 per year (and at $100 a year for non-commercial stations), while protecting religious and incidental uses of music from having to pay any royalties at all.

* Make a clear statement that pre-1972 recordings have value and those who are profiting from them must pay appropriate royalties for their use, while we closely monitor the litigation developments on this issue.

* Protect songwriters and publishers by clearly stating that nothing in this bill can be used to lower songwriting royalties.

* Codify industry practices streamlining the allocation of royalty payments to music producers.

* Ensure that artists receive their fair share from direct licensing of all performances eligible for the statutory license.

 

 

 

Source: RIAA

Last Updated on Tuesday, 04 April 2017 06:36
 
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