But now the record industry is going looking for new revenue, and the AM/FM broadcasters look plump and juicy.
On Monday, the recording industry sent the National Association of Broadcasters -- the trade group representing the $16 billion a year AM-FM broadcasting business -- a can of herring to underscore that it believes its arguments against paying royalties are a red herring. The NAB says its members should not pay royalties because AM-FM radio "promotes" the music industry.In case you missed it, the record industry just called the radio industry a bunch of Communists, for adhering to the status quo. Time was, you actually had to have a revolution and nationalize property to be a Marxist. Now all you've got to do is abide by long-held agreements.
The herring present followed another gift -- a dictionary, a bid by the recording industry to explain what it saw as the difference between fees and taxes. The NAB describes the latest royalty proposal as a tax.
And two weeks ago, the recording industry, under the umbrella group musicFIRST, sent the NAB four digital downloads: "Take the Money and Run" by the Steve Miller Band; "Pay me My Money Down" by Bruce Springsteen; "Back In the U.S.S.R" by Paul McCartney and "A Change Would Do You Good" by Sheryl Crow.
Not that I'll shed any tears for the radio broadcasters -- they've spent the last decade screwing Internet radio as hard as they can, so I'll be happy when this entire sick, sordid industry collapses in on itself.