Congress is considering legislation that would cause radio stations with annual gross revenues of less than $100,000 to pay $500 each year. And, those with gross revenues between $100,000 and $500,000 to pay $2,500. Those between $500,000 and $1.25 million would pay a royalty fee of $5,000 per year.
This “performance tax” is supposedly for the benefit of artists whose music is currently played for free.
Some are citing that it is putting minority-owned radio stations out of business.
For a more in-depth discussion of this subject read ”this ” and then leave me your thoughts as an artist that might be impacted by this decision.
Inquiring minds want to know!
Maybe a member of ”The KELGroup” would like to chime in here?
Haha…yes, I believe a member of The KEL Group just may see it to chime in. Well, as with most new ideas and, particularly, those in the Entertainment industry, there are pros and cons that are worn like hearts on proverbial sleeves and, often, on dirty sleeves at that.
So, let’s consider such elements, one at a time, since in addition to being a recording artist and promoter, as well as having worked at several radio stations myself…
From the Artist’s standpoint, this is a welcomed development, particularly, since so much music is still pirated, stolen, ill gotten for free, etc.
From the Station’s standpoint, it can possibly cause a number of them to go “dark” (radio speak for being off the air), thus, diluting the promotional source of airplay/rotation.