The Death Of Corporate Radio?
So congress basically wants to “tax” radio stations, disguising it as royalties that will be paid to artists and whoever else owns the copyright to the music. As stated in this article, this makes no sense as radio play is free advertisement and most of the time is what propels a band to stardom. Personally I see this is a desperate attempt for corporate record labels to generate revenue as the decline of their music sales continue. Perhaps to avoid such taxes more of these radio stations will turn to playing music from Independent bands and labels