Old 06-23-2008, 05:20 PM Offline   #1 (permalink)



 
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Default Recording Industry Decries AM-FM Broadcasting as 'A Form of Piracy'

The recording industry and U.S. radio companies are squaring off over whether AM and FM radio broadcasters should pay royalties to singers, musicians and their labels. Billions of dollars are at stake. The recording industry is seeking new income avenues in the wake of wanton peer-to-peer piracy and declining CD sales in part due to the iPod and satellite radio. A U.S. House subcommittee could vote as early as Thursday on a royalty measure.

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