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#thepress
iTunes Shutdown Scare Officially Over, Officially Dumb
The National Music Publishers Board didn't get their request to the Copyright Royalty Board for a larger cut of digital music sales, putting a definitive end to a miniature media crisis over the "possible" shutdown of iTunes. Apple threw a minor shit-fit over the prospective hike last year, insinuating that they might not be able to continue business if they were "no longer able to do so profitably" (what business sense!), after which the British press decided that music was going to go away forever, or something. In any case, iTunes' profitability was never really at stake, Apple wasn't actually planning to shut down the largest music retailer in the US, and the press needs to calm down. [BBC] -
#webradio
Pandora and Other Webcasters Saved by Act of Congress
Today the otherwise preoccupied Senate quickly passed the Webcaster Settlement Act many of you petitioned for, granting Pandora and other net radio services the right to negotiate royalties with the record industry's SoundExchange coalition for the years 2006 to 2015. OK, that's a mouthful—what it means is, they will likely not be driven to bankruptcy due to unreasonable royalty rates. More » -
