Today's headlines...
Equality For Internet Radio Proposed To Congress (CMJ)
The Money Shot: Jay Inslee, a democrat from Washington, introduced the Internet Radio Equality Act to Congress yesterday, which SaveNetRadio (a coalition that was formed in response to the Copyright Royalty Board's ruling to increase rates online) has publicly applauded. As previously reported, May 15 the CRB will put into effect a rate that would most likely cause many internet radio stations to shut down. The internet radio community responded by creating SaveNetRadio and has asked Congress to reduce the rates. Inslee's proposal marks a prominent step in the coalition's favor.
Arctic Monkeys head for more chart glory (Reuters)
The Money Shot: Whatever you say it is, their second album's not a flop.
British indie rockers the Arctic Monkeys are heading for number one in the charts when the rankings are revealed on Sunday with their second album, "Favorite Worst Nightmare." The young band from Sheffield is expected to sell between 225,000 and 250,000 copies in the first week alone of the critically acclaimed followup to last year's "Whatever People Say I Am, That's What I'm Not."
Judge Rules Media Downloads Not Subject to Public Performance Royalty (Digital Media Wire)
MS: A federal judge on Wednesday ruled that digital music and media downloads are not "public performances," and therefore should not be subject to a public performance license and additional royalty payment.
Indie adoration: Life is good for The Shins (The Paramus Post)
MS: "It seems like there's always going to be people working hard to make a living off music," he said. "But I like that the right people are making money. Sub Pop is having a banner year, while Capitol Records is struggling. I think it's kind of cool. Not that I have anything against Capitol, but I always like an underdog story."
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