Where the money would go: Nielsen SoundScan reported that the big four accounted for 81.87% of the US music market in 2005: Universal Music (France) owns 32 percent of the market; Sony (Japan) owns 26 percent of the market; EMI (UK) owns 10 percent of the market; Warner Music (US) owns 15 percent of the market. The rest are independents. So the question is, how much was Conyers paid for this legislation that would send these enormous amounts of American money abroad, while bankrupting US radio stations?
Well, this little American indy record company owner is FOR the bill. Songwriters and music publishers, many foreign owned, get paid through ASCAP and BMI when their songs get played on the radio. Why not me and my artists? Pay us all or none of us.
Heaven only knows, because conyer’s sure isn’t going to report it on his IT.