Monday, September 17, 2012 - 9:00am
We're expecting our largest crowd ever for a RAIN Summit fall event (nearly the size of our spring Vegas gathering), and we're very excited for what tomorrow has in store.
On the eve of the Summit (and, of course, the RAB NAB Radio Show), one topic in particular that's buzzing in Internet radio is (once again!) royalties.
For its Radio Show issue, Inside Radio spoke with Clear Channel CEO Bob Pittman, and touched upon the royalty topic. He told the news source that the existing rate-setting structure for online radio royalties simply will not allow streaming to succeed, "and that’s not good for the music business either." Since Clear Channel's historic deal with Big Machine Records (which pays the label royalties for streaming and on-air, see RAIN here) Pittman says his company continues to have discussions with music business interests, "because I think we're all interested in a long-term sustainable relationship." Read more in Inside Radio here.
Illustrative of the challenge that'll likely be, SoundExchange this month (here) took positions on two proposed federal bills that won't likely do much for Pittman's mood. SoundExchange criticizes Congressman Jason Chaffetz's (R-UT) "Internet Radio Fairness Act" (here), instead supporting Rep. Jerrold Nadler's (D-NY) "Interim FIRST Act" (read more here).
Even the blockbuster news of the possibility of Apple becoming on online radio player (which we'll certainly be discussing tomorrow) has a royalty facet. Billboard reports (here) that while Apple's reported talks with labels don't yet concern special rates and waivers to content restrictions, bargaining along those lines isn't far off. "Sources say the labels are willing to accommodate some compulsory license waivers... but they want to make sure that whatever waivers Apple receives can also be rolled out to other custom Web radio operators," says Billboard. "Also, they want to ensure that the deals aren't viewed by the Copyright Royalty Board as a market deal to be incorporated into the next set of CRB rate settings."
There's so much interesting ground to cover, we hope you'll join us!
There's so much interesting ground to cover tomorrow afternoon, and we certainly hope you're able to join us. All the info you need is on our RAIN Summit Dallas page here. We'll get underway just past noon with introductory comments from Sabo Media CEO Walter Sabo. RAIN publisher Kurt Hanson will give his "State of the Industry" address at 2:20. At 4:30 our keynote speaker, Clear Channel President of National Sales, Marketing and Partnerships Tim Castelli takes the podium. At 5:35 we'll present the Triton RAINmaker and RAIN Internet Radio Awards, and then head to the Verandah Shelbourne Room for the RAIN Reader Cocktail Party.
Our plan is to publish an issue early tomorrow, then follow up with brief Summit coverage on Wednesday, and full coverage of the event in the following days. We also plan to make recorded audio of RAIN Summit panels available online in the coming days. If you'd like to follow along (whether you'll be in the room or not), use the Twitter hashtag #RAINSummit, and follow us @RAINTwitter and @RAINSummits.