RIAA and Net Radio Broadcasters Reach Agreement 284
An anonymous reader writes "The RIAA and internet web broadcasters have reached a royalty agreement. Instead of facing massive increases per song played, they will be generally charged 10.5% of their yearly revenue."
10.5% of yearly revenue... (Score:5, Funny)
More money than GOD?! (Score:2, Funny)
10.5%?!? But GOD only gets 10%?!? The RIAA out-tithed the Holy Tither!
Isn't this also called... (Score:2, Funny)
... a "vig"?
Pay your vig, you get protection. Don't pay your vig, we break your kneecaps and destroy your place of business.
This supports P2P Radio! (Score:1, Funny)
Since that has a revenue of zero.
Thanks RIAA, we knew you had a heart in there somewhere. ;-)
Re:This is unheard of, but... (Score:5, Funny)
Or compress it to sound louder...
Ahhh...how biblical (Score:5, Funny)
It's the RIAATithe©.
Re:Supply and demand, indeed (Score:3, Funny)
And that's not even including the drugs.
Re:Ahhh...how biblical (Score:3, Funny)
The extra 0.5% is because john lennon is bigger than jesus.
Good news and bad news (Score:3, Funny)
For webcasters, the bad news is the RIAA is taking 10.5% of their revenue. The good news is that they've got the MPAA's accountants to do their books...
Re:Supply and demand, indeed (Score:3, Funny)
Phase 1: Make every profession a hobby.
Phase 2: ?
Phase 3: Communism.
And my way doesn't even need any blood spilled. Take that Marx!