A2IM Endorses Extension Of Royalty Break For Small Webcasters
The American Association of Independent Music (A2IM) announced its support of the proposed term extension of the Small Webcaster Settlement Act (SWSA).
The SWSA, which allows small webcasters to pay below-market royalty rates to Independent labels and their artists, was established by the Copyright Royalty Board covering a period commencing in 1998 and was to have expired in 2005. The extension maintains these lower rates until 2010, a period of thirteen years.
In commending the move, the Independent music community offers solidarity with the small, developing businesses who are to benefit from the extension.
The American Association of Independent Music estimates that Independent labels' music makes up less than 10% of commercial terrestrial airtime while Sound Exchange reported in 2006 that Independent music made up 37% of non-terrestrial radio airplay spins.
"Small webcasters are active supporters of Independent music that consumers demand but which is not sufficiently played on commercial, non-terrestrial radio," states A2IM President Rich Bengloff, "While it is a sacrifice in revenue for our labels and their Independent artists at the moment, it's a sacrifice we're happy to make, as it is an investment in a sector that has demonstrated a commitment to the diverse array of Independent music our members and their Independent artists create for consumers."
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