RIAA to Sirius, XM -
p2p news / p2pnet: The members of the Big Four Organized Music cartel aren’t happy with Sirius’s new S50 radio which includes an mp3 player that allows users to record several hours of programming.
Through their RIAA (Recording (Industry Association of America), Warner Music, Vivendi Universal, EMI and Sony BMG say the "interactive" service entitles them to higher fees from satellite radio companies.
How much more?
Thirty percent of the revenues, says Dow Jones Newswires, quoting Sirious cfo David Frear as saying, "They’re trying to paint satellite radio as an interactive service, but I know we’re a broadcast product."
Sirius and rival XM Satellite Radio Holdings currently pay relatively low fees to record companies for the right to play music, says the story, adding:
"Unlike broadcast services, which pay compulsory rates, satellite radio companies must negotiate their own rates. The renegotiations are coming at a time when satellite radio is enjoying rapid growth. If the parties can’t come to an agreement by June 30, 2006, they’ll enter into arbitration."
Also See:
Dow Jones Newswires – Sirius Talks With Record Labels Still Far From Agreement, March 1, 2006
March 7th, 2006 at 3:21 pm
Consumer to RIAA. Why don’t you start putting out stuff that is worth buying? Most of the so called Music coming out today is crap.
Maybe the RIAA should look at itself when trying to figure out why they are not selling music like they used too. I’d gladly purchase something if it was worth the price, but seems like most stuff today you should be paying the consumer to listen to.
Stop blaming File sharing, and Satelitte radio and focus on the real reason, lack of music worth buying!
March 7th, 2006 at 5:01 pm
yay for the RIAA killing off new technology!
March 8th, 2006 at 1:28 am
I’ve saved ONE song that has come out in the last year or two on my S50. The rest is all old stuff that I’ve probably purchased at one time in one format or another.
Quit trying to stifle the market and help to make it thrive instead…