Dear TMT Reader,
Do you dream of starting an internet radio station but don't think it's right for you because the government and big corporations are breathing down your neck? Believe us, we at SoundExchange know what you're talking about! Heck, we're in cahoots with the government and the big corporations, so ain't nobody know this business better than us. Here at SoundExchange we want to help you out as much as we can. You see, we're in the business of collecting royalty rates from webcasters; it's what we specialize in. We were appointed by the Copyright Royalty Board to do this job, so if the government trusts us, then you should too. Right? Right.
Lately we've been on TMT a lot, so if you're confused as to who we are and how exactly we might be in cahoots with the government and the RIAA, you might want to read some of this:
Now that you know what we've been up to recently, we're positive that you'll like the deal we're offering. We essentially want to charge more webcasters for more money, and when we use that money, it won't be used for our own agenda. Nope, not at all.
We're here to reduce the financial burden caused by trying to be a successful webcaster and are now offering discounts to smaller webcasters. So, here is the deal:
(1) If you make between $250,000 and $1.5 million in revenue a year, you're qualified!
(2) If you accept, you'll be able to stay under the terms established by the Small Webcaster Settlement Act from 1998. Even better, you'll be able to stay under the terms of the SWSA until 2010.
(3) The rates are as follows: If you make under $250,000, then we'll take 10% of your revenue. If you make between $250,000 and $1.25 million, then we'll take 12%.
You're probably asking, "what's the catch?" Well a slight one does exist, but we don't think it'll bother you. If you decide to play music from artists that aren't associated with SoundExchange, then you'll be subject to the new rates, just like everyone else, once they go into effect. Fair is fair, right? Of course, if you don't make much revenue at all, then you'll still be subject to give us $500 a year. Mere pocket change when you think of us giving you the chance to spread the love of art and music to your listeners. We've also just recently been persuaded to cap the annual fee to only $50,000. We wanted more, but of course, we respect you and your business.
What about the larger webcasters? Well, we haven't thought of a better way to fuck them over yet.