A radio station must then file a Notice of Election with Sound Exchange and pay their minimum fee. Their fees are based on a per performance basis. A performance is defined as one person listening to one song. Each January 1, a minimum yearly fee of $500 is required to be submitted.
n 1998 the Digital Millenium Copyright Act (DMCA) was signed, granting a performance right in the digital transmission of sound recordings. Simply put, the copyright holders of the performance of the musical work were not entitled to a royalty for the digital transmission of this performance.
Forecasters are calling for a cold winter ahead, but the signs of a warming economy in America are cause for optimism. Recently, the unemployment rate took a slight tick down – potential good news. With an election upon us, we see bold new ideas and the potential to accelerate economic development. At minimum all of the election related activities, advertising campaigns and the associated dollars spent, will be a healthy boost to the economy. Please allow me to reflect back on the past year and look ahead to what 2012 holds, and how it will support the Radio Industry.