Man reading things like this really piss me off… And it wonders why it has very little public support in its effort to fight piracy. If it wasn’t trying to squeeze everyone, everywhere for more money it would have an easier time. I guess RIAA really believes it can bully everyone into shelling out more, too bad most of the recording industry’s products suck otherwise more people would buy more music.
Sirius Chief Financial Officer David Frear believes that satellite radio companies (i.e. Sirius and XM) shouldn’t be obliged to have to pay higher royalties to record companies — but the RIAA feels that it should get 30% of the revenues. Sirius and XM both already pay royalty fees to record companies so both companies are able to play copyrighted music over the radio. Both parties have until June 30, 2006, to reach an agreement, or an arbitrator will then be called in to help settle the case.
I’m glad I live in Canada, not that I download much music but I won’t buy another CD unless it’s indy. 😉
I like one of the comments: