The copyright royalty board (yes, those guys) is getting together to set rates for music copyright fees on digital downloads for the next five years. It’s currently at $0.09 and publishers are working hard to move it to $0.15. Apple responded, indicating that if that rate increase is put into effect, they may be forced to shut down iTunes.
TechCrunch has a great writeup, urging the board to consider a rev-share model.
It’s understandable that music publishers want more money. I like money too, but aren’t retail prices already too high in Amazon and iTunes?‚ Why assume that raising prices will yield more revenue? If I suddenly asked every HearYa reader to pay $1.00 per post they read, I’m pretty sure I know what will happen.‚ Everyone will stop reading because similar content can be found elsewhere for free.
Is anyone else concerned that a guy wearing a bowtie has 1/3rd of the power in this decision?
{ 3 comments… read them below or add one }
I am very concerned that the bow tie guy could be the deciding and tiebreaking vote. Very concerned indeed.
Nice – “tiebreaking vote.” Very punny.
I hope it’s one of those bow ties that has a little motor in it that makes it spin round and round when they’ve reached a decision