After tomorrow's Congressional subcommittee hearing on the future of radio (online, satellite, and terrestrial), we will hopefully know more about how Congress feels about new royalty rates threatening the webcasting business.
In the meantime, check out ASCAP's latest numbers, which set a new revenue record. (ASCAP is one of the three performing rights organizations to which webcasters have been paying songwriter royalties.)
Their take from webcasters and mobile music sources increased 70% in 2006. It seems licensors for streaming sound recordings (SoundExchange) could learn something from the licensors of streaming compositions (ASCAP, BMI, SESAC) about how to collect eggs without killing golden geese.
(via billboard; "simpleton finds the golden goose" image from project gutenberg via wikipedia)
