Saved
davidjennings's Archive on Mar 29, 2008
Description
The results of this audit could be an interesting flashpoint.
Clipping
The Copyright Royalty Board has just announced that SoundExchange has decided to audit Last.FM. Based on a number of public statements, SoundExchange has been citing Last.FM as an example of problems with royalties - contending that Last.FM had paid royalties of only a couple of thousand dollars a year, under the Small Webcasters Settlement Act, just before selling out to CBS for over $200 million. Given SoundExchange's tough talk about Last.FM, this notice of an audit is not surprising. SoundExchange's focus on this company illustrates the difficulty of valuing music use, and the different perceptions of music users and copyright holders as to what that value should be.