I tweeted this last week, and it was retweeted heavily, with a lot of radio people posting “I told you so!” and “I’ve been saying this for ages!”; and a few online radio companies jumped to self-promote themselves as part of the all-IP future.
Calm down, everyone.
First, as a former senior manager at the BBC, I’d start with the seemingly trite statement that whenever you hear “we” coming from a BBC manager in a speech, what they really mean is, firstly, “my department”, and secondly, in most cases, they also mean “television”. Indeed, there is no mention of radio in the section of Matthew’s speech which talks about an all-IP future.
Bills head to Senate accompanied by applause from stakeholders
The House has unanimously passed the Music Modernization Act, a compromise bill that creates a framework for better compensating artists for digital plays of their music and making it easier for music rights organizations to collect those fees from distributors of streamed music like Pandora and Spotify, as they do from traditional plays on TV and radio.
The bill has been billed as the most significant change in music licensing laws in decades, and drew praise from a chorus of stakeholders. It now heads to the Senate, where it is also expected to pass.
It actually incorporates a trio of bills. The base Modernization Act creates a single licensing entity for reproduction rights for digital uses, like those of Spotify, Pandora, Google, Apple and Amazon. It also randomly assigns judges to preside over ASCAP and BMI rate-setting cases, according to the Recording Industry Association of America (RIAA).