The SoundExchange Billion Dollar Administrative Fee 127
palewook writes "On June 7th, Yahoo, RealNetworks, Pandora, and Live365 sent letters to US lawmakers emphasizing they owe SoundExchange 'administrative fees' of more than $1 billion dollars a year. These fees would be paid for the 'privilege' of collecting the increased CRB royalties effective July 15th, unless the Internet Radio Equality Act passes Congress. SoundExchange, the non-profit music industry entity, admits the levied charge of $500 per 'channel' is supposed to only cover their administrative costs. Last year, SoundExchange collected a total of $20 million dollars from the Internet radio industry. Under the new 'administrative fee' RealNetworks, which hosted 400,000 unique subscribed channels in 2006, would owe an annual administrative charge of 200 million dollars in addition to the retroactive 2006 rate hike per song played."
My heroes (Score:5, Funny)
Re:If you didn't vote Libertarian YOU ASKED FORTHI (Score:5, Funny)
Ha Ha Ha Ha Haaa! (Score:2, Funny)
I wonder what real will do.... (Score:5, Funny)
Resposible Government, the anti-drug (Score:4, Funny)
SoundExchange to Government: I learned it from YOU OK! I learned it by watching you *sob*
SoundExchange runs out of the room while Government stares into the distance meaningfully.
Re:Only Americans will be silenced (Score:5, Funny)
Re:If you didn't vote Libertarian YOU ASKED FORTHI (Score:3, Funny)
Re:My heroes (Score:4, Funny)
There's always money to be made in the carbon offset business...
Re:no love lost with Real Networks, BUT - (Score:3, Funny)
{cough}http://www.imdb.com/title/tt0085959/ [imdb.com]{/cough }
Re:dollars $ dollars (Score:5, Funny)
Re:no love lost with Real Networks, BUT - (Score:5, Funny)
You're going to jail for this!
While I don't advocate someone blowing their office to flinders
Fine, you're off the hook...
with a bomb or some other evil terroristic act
That's is: jail time!
I am surprised that it hasn't happened yet
Oh ok, you're a fine fella.
(one would think that with all the loosely bound people in the USA, one of them would have freaked out by now and targeted them...)
Effin terrorist! JAIL!
What I DO advocate is that the RIAA and the MPAA and their associated organisations be banned
Oh, banned. That's cool I guess.
Screw it, I'm calling the FBI on ya!!
Re:dollars $ dollars (Score:2, Funny)