Wednesday, September 26, 2007

CNN: SoundExchange spent $50,000 lobbying

SoundExchange spent $50,000 in the first half of 2007 to lobby against Senate and House bills that would nullify the new payment system set by a three-judge copyright panel in March, according to a disclosure form posted online Sept. 7 by the Senate's public records office.
Frankly, I'm surprised that they only spent $50k. And doesn't this money belong to the artists?

Labels: , , , , , , , ,


Blogger Fred said...

"And doesn't this money belong to the artists?"

SoundExchange takes the position that, by registering with them to receive royalties, artists authorize them to do whatever they want with the money.

Even though nearly everyone acknowledges that broad enforcement of the CRB rates will eliminate the stations that play the music of almost all their "constituents," the RIAA-appointed "artist representatives" on the Board fell into lockstep with their handlers on this one and unanimously approved the expenditures.

Section 144(g)(3)of the Copyright Act limits the way SoundExchange can spend money. The important one is the first:

“(A) the administration of the collection, distribution, and calculation of the royalties;

Please note that this allows expenditures for the administration of the royalty system. It does not include any authority to intervene on anyone's behalf regarding setting the royalty rate.

September 27, 2007 6:28 AM  
Anonymous Anonymous said...

I know this is an old post, but it looks more like $180k for 2007. See:

January 6, 2009 9:44 AM  

Post a Comment

Links to this post:

Create a Link

<< Home