The Last Days of Internet Radio?
Businessweek article on changes by the Copyright Royalty Board that may or may not signal major changes with who can afford to provide streaming music. So much for a level playing field. According to the article, even the major players are going to see increases in royalties they must pay. If I’m an artist, I would consider internet radio is a godsend.
“A DiMA survey of 1,008 online music radio listeners and music services subscribers published in January found that nearly half are spending more than $200 per year on music, and nearly 30% are spending more than $300. Before the Internet, an average consumer only bought about $100 worth of CDs a year.”
Somebody is being stupid and greedy. And it’s only going to further the move away from “mainstream” sources of music. If KCRW goes, I’m hurting.
UPDATE: See today’s Salon article on this subject with a little deeper analysis.