Several companies that broadcast internet radio streams, including RealNetworks, Yahoo!, and this blog's parent company, AOL owe ASCAP millions of dollars. That's according to a federal court in New York. While the court did not determine the exact amount of money owed, ASCAP estimates that the fees could climb as high as $100 million.
ASCAP stands for the American Society of Composers, Authors, and Publishers, and the group represents over 300,000 songwriters who are currently receiving no compensation when their music is streamed by the three media companies. This despite the fact that the radio streams are supported by advertising, which means AOL, RealNetworks and Yahoo! are making at least some money through their streaming music operations.
This whole issue is separate from the dispute between the RIAA and online radio stations last year. The RIAA represents recording artists, while ASCAP covers songwriters.
[via CNet]
Reader Comments (Page 1 of 1)
5-01-2008 @ 4:15PM
Joshua Clayton said...
wait wait wait ... you guys are owned by AOHell? ... sigh
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