RIAA CEO complains about artist revenues.

sherman-caryOn the heels of the record-industry association’s revenue analysis for 2015, RIAA Chairman/CEO Cary Sherman bemoans the “value grab” that denies artists their fair share: “The consumption of music is skyrocketing, but revenues for creators have not kept pace. “We. . .feel that some technology giants have been enriching themselves at the expense of the people who actually create the music. . . These unjustifiable inequities (really, special-interest favors) include the exemption that AM/FM broadcasters enjoy from having to pay artists and labels for the music they play, satellite radio’s unfair and inexplicable low-market rate standard, and the hopelessly outdated ‘notice and takedown’ provisions of the Digital Millennium Copyright Act.”

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