Old 06-26-2008, 04:43 PM Offline   #1 (permalink)



 
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Default Senate Committee Approving AM-FM Royalty Bill

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.

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