RadioIO Anticipates CRB Ruling Will Have No Immediate Impact on Business
TAMPA, Fla. - IOWorld Media and its wholly-owned subsidiary, RadioIO.com, says the ruling by the Copyright Review Board for new and increased fees for webcasting music over the internet directly contradicts the current arrangement that is in place for small webcasters and is expected to be challenged by effected Artists, Labels and Webcasters. Further, the Company anticipates an amicable settlement which will allow for the continued growth of RadioIO.
RadioIO and other webcasters have already found Congressional allies over the controversial CRB ruling. CNet News reported: "Edward Markey (D, Mass) a key Democrat in the U.S. House of Representatives on Wednesday slammed new federal rules that would require many Internet radio services to pay higher fees to record companies. ’This represents a body blow to many nascent Internet radio broadcasters and further exacerbates the marketplace imbalance between what different industries pay,’ Markey said at the ’The Future of Radio’ hearing. The hearing was convened by the House panel on telecommunications and the Internet, of which Markey is chairman. He continued: “It makes little sense to me for the smallest players to pay proportionately the largest royalty fee.”
Said RadioIO founder Michael Roe: “The CRB apparently didn’t learn from history, and now we have to repeat it,” referring to the now expired CARP ruling of 2002. “Unfortunately, Congress had to intervene to correct the last major ruling on this subject, and it looks like the CRB may need another ‘reality check’ from Congress and digital media consumers. We learned from the Small Webcasters Settlement Act that these things have a way of working themselves out, it’s just a shame that we have to do it the hard way for the second time.”
RadioIO has joined with other webcasters in a major push to mobilize listeners, independent artists, and labels. RadioIO has branded the effort “Speak Out!” on its website, RadioIO.com.
Continued Roe: “We are asking our listeners to notify their House and Senate members regarding the CRB decision, and to express their concerns about the decision and its potential impact upon them as a listener. To the extent that internet radio provides a public service, Congress certainly cares about that.”
This news content was configured by WebWire editorial staff. Linking is permitted.
News Release Distribution and Press Release Distribution Services Provided by WebWire.