Death Watch For Internet Radio.. New Royalty Structure Will Kill It
You all should take a peek at the recent ruling on royalties for internet radio.
It will likely put internet radio out of business.
A quote from the Houtson Chronicle
on Live365: N. Mark Lam, the CEO of Live365 Inc., a privately held company that aggregates audio streams from thousands of radio stations and other small webcasters, said that under the new royalty rules, "there is no industry."
Lam, who joined the venture capital-backed company about two years ago, said Live365 just barely broke even last year and had about 4.5 million unique listeners every month.
Jaco died for our sins so that modern bass players could be free to play more and be heard.