The BBC reports that getting on for 300 independent recording labels are on the verge of withdrawing their products from MTV, in response to the European broadcaster's decision to slash royalty payments to them by a whopping 55%. The independents feel that MTV is getting top-quality content from them and should pay a price which is commensurate with their worth. MTV argues that the independents haven't taken due account of the massive benefit they derive from exposure on MTV and its sister channels VH1 and TMF.
The IPKat thinks this is just the sort of scenario in which blanket licensing, organised through a reputable collecting society, is so much more painless.
Other royalty cuts here, here and here
Artistes who may disappear from MTV here, here and here
Thursday, 25 March 2004
Posted by Jeremy at 12:22:00 am