From the NY Times via TechCrunch
"The claim that sites such as MySpace and Bebo are doing us a favor by promoting our work is disingenuous. Radio stations also promote our work, but they pay us a royalty that recognizes our contribution to their business. Why should that not apply to the Internet, too?"
So says Billy Bragg who is asking the founders of Bebo - where is a slice of the $850m USD pie for the musicians who drove traffic to your site.
Bragg has contributed this article - http://www.nytimes.com/2008/03/22/opinion/22bragg.html?_r=1&ex=1363924800&en=ba1c862ef4fc894c&ei=5088&partner=rssnyt&emc=rss&oref=slogin - to the NY Times which calls for more formal definitions of artists IP rights through emerging digital platforms.
The radio analogy isn't a bad one - I always assumed the social networks would pay some sort of royalty per play of an artists steam - however it seems that they don't.
I put this hypothetical situation out there - imagine tomorrow all of the bands/artists/musicians etc who were on myspace shut down their pages - I wonder what it would do to their bottom line and revenues ...
I have never liked Billy Bragg as a performer but he is completely on the money here.
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