This should serve as yet another reminder that Michael Huppe’s war on your bank account isn’t going away anytime soon. The Sound Exchange CEO has consistently criticized “Big FM Radio” for not paying its fair share to artists for the right to air their music. We don’t recall hearing any of the artists playing at the recent iHeartRadio Music Festival in Las Vegas crying foul. This time Variety magazine provided Huppe with a platform to blast radio.
Huppe has co-written an op-ed with recording artist Common to make his claims that FM radio, “with more than 200 million listeners and $17 billion in annual revenue, pays nothing to the people who record the music that is the lifeblood of their business. It never has — not a penny.”
Huppe and Common sing the same Sound Exchange tune that radio’s argument of free promotion has no value because people no longer hear songs on the radio and run to a record store to buy them. “In today’s digital economy, 75% of U.S. recording revenue derives from streaming. The law, the marketplace and simple morality demand that digital platforms must share some of that value with creators. Why should radio be any different? It is, after all, the music that draws their audience.”
Huppe and Common want the people of America to right this wrong by calling their elected representatives. Luckily, everyone in Washington appears to be tied up with their own shenanigans these days. In addition, the NAB has been hard at work aligning both Democrats and Republicans against Huppe’s plan to tax radio, announcing new names to their roster of the Local Radio Freedom Act on a near weekly basis.
Read the Variety piece HERE.