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Wired: Top Stories

• 

  Senate Committee Approving AM-FM Royalty Bill

  Posted: June 26th, 2008, 6:00pm EDT by Threat Level

  Tags:    [edit]

  A House subcommittee on Thursday approved legislation requiring AM-FM radio broadcasters to pay royalties to singers, musicians and their labels. Broadcasters decried the proposal, and have invoked the xenophobia card, saying as much as $2.4 billion a year in royalties would go to "foreign-based" record companies. The music industry labeled the broadcasters as pirates and the proposal moves to the House Judiciary Committee.