CatPuke and Profile used our newssubmit to tell us that about an article in the SanDiego newspaper reporting that record labels want royalities on the sales of second hand (used) CD's:
The industry worries that the expanding used market is cannibalizing new-CD sales, as well as promoting piracy by allowing consumers to buy, record and sell back discs while retaining their own digitally pristine copies. |
One proposed remedy being debated by record label executives is federal legislation requiring used-CD retailers to pay royalties on secondary sales of albums.
A cover story in last week's issue of the music trade publication Billboard quoted several executives who said they favor the establishment of an agency that would exert a flat royalty rate '“ say, 6 percent or so '“ on retailers' sales of CDs sold over and over again.
The Recording Industry Association of America has not taken an official position on the issue.
Well if you didn't think the record labels are bad and have ridiculous ideas, this should get you over the line...
Source: SDtribune
