Wednesday, July 11, 2007

Naked Corporate Greed

Flint Journal quoting John Simson:
"I don't see any other way to characterize this as anything other than naked corporate greed," said John Simson, executive director of SoundExchange.
When I first read this, I assumed he was talking about the RIAA and the Big 4 record labels they represent. Actually, he was talking about internet broadcasters!

The complete quote, from an RIAA press released issued by SoundExchange:

"This legislation is a money grab by big corporations like Clear Channel and AOL at the expense of artists and labels," SoundExchange Executive Director John Simson said in a press release issued last month. I don't see any other way to characterize this as anything other than naked corporate greed. It's just not fair to artists."
This is where the RIAA is trying to mislead the public into thinking that only a few big webcasters are going to be affected by the new royalties. In reality, the big corporations who are going to be affected most are AOL and Yahoo. But they'll end up just cutting direct licensing deals with the Big 4 and the only difference will be that they play less independent artists.

Other "large webcasters" who aren't so large and will be adversely affected are Live365 and Pandora, both who qualify as small businesses under US SBA guidelines.

But he never talks about who is really going to get screwed: the small independents like SomaFM.

Thanks John. When I hear you talking about naked corporate greed, I know who you're really talking about.

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