CEA Endorses Internet Radio Fairness Act

ARLINGTON, Va.--(BUSINESS WIRE)--The following statement is attributable to Michael Petricone, senior vice president of government and regulatory affairs, Consumer Electronics Association (CEA)^®, following today’s introduction of the Internet Radio Fairness Act from Representatives Jason Chaffetz (R-Utah), Darrell Issa (R-Cal.) and Jared Polis (D-Colo.) and Senator Ron Wyden (D-Ore.):

“We urge the House and Senate to pass the Internet Radio Fairness Act as quickly as possible.”

“CEA applauds Reps. Chaffetz, Issa and Polis and Sen. Wyden for introducing the Internet Radio Fairness Act, a common sense bill that would extend to webcasters the same standard for determining copyright royalty rates used by all other forms of non-broadcast radio.

“Under today’s outdated rules, Internet radio providers are forced to pay a significantly larger percentage of royalties than their competitors. In some cases, Internet radio providers pay half of their annual revenues in performance royalties, while other music providers pay less than 10 percent. This irrational and unfair royalty system hinders investment and innovation in Internet radio.

“The changes proposed by the Internet Radio Fairness Act are simple and long overdue. They will drive innovation, investment and jobs, not just in Internet radio but also in the hardware used to access Internet services. They will benefit consumers by enabling exciting new digital music services and technologies. Finally, they will benefit artists by creating a vibrant online music ecosystem that compensates artists and performers.

“We urge the House and Senate to pass the Internet Radio Fairness Act as quickly as possible.”

About CEA:

The Consumer Electronics Association (CEA) is the preeminent trade association promoting growth in the $206 billion U.S. consumer electronics industry. More than 2,000 companies enjoy the benefits of CEA membership, including legislative advocacy, market research, technical training and education, industry promotion, standards development and the fostering of business and strategic relationships. CEA also owns and produces the International CES – The Global Stage for Innovation. All profits from CES are reinvested into CEA’s industry services. Find CEA online at www.CE.org, www.DeclareInnovation.com and through social media: https://www.facebook.com/#!/CEAfeed, http://twitter.com/ceafeed, http://blog.ce.org/.

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