Posted by: Olga Kharif on June 26, 2008
This morning, House Subcommittee on Courts, the Internet, and Intellectual Property passed the Performance Rights Act, which seeks to charge terrestrial radio stations additional royalties for playing songs.
Clearly, this is a big win for the music industry. A note of caution, however: This same subcommittee has passed similar bills before. Congress has attempted to pass legislation mandating additional radio royalties since at least 1970s. All prior bills failed to pass Congress. It’s not clear yet that this go-round will be different.