Music Industry Sinks, While P.R.O.s are Sittin' Pretty
Date: Tuesday, August 10, 2010 @ 15:02:23 UTC

Ever wonder why P.R.O.s (performing rights' organizations) like BMI and ASCAP have steadily rising profits, while the rest of the music industry has lost some 60 percent of its income in recent years? One reason: They embrace new technologies where others scoff or tremble. The same technologies that make it easier to listen to and distribute music often also make it easier to collect royalties on it. So when Napster shows up, BMI cuts a deal with them. Same with Rhapsody. According to BMI President Del Bryant, the deal needn't be all that binding or even all that heavily monetized. They just want in on the ground floor. Website

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