Quote:
Originally Posted by Amnorix
Can I ask a question -- why in the **** are royalties and such REGULATED BY FEDERAL LAW?
Why isn't that just determined by the market?
Or am I misunderstanding some of what I'm reading?
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Royalties are regulated by Federal Law because artists and composers would have no one to speak for them (us).
The Statutory Rates are determined by Congress and if you ask anyone, whether it's a producer, musician or songwriter, they're WAY too low.
9.1 cents per song before the Publisher's take? That's insane and it used to be waaaaaaaaaaaaay lower.
In Europe, artists are paid performance income for radio play, yet they're not paid in the United States, only the songwriter(s). Film Performance Royalties are also paid in Europe but not in the United States.
It's a crazy business and without government regulation, none of us would earn any money.