SoundExchange: Imaginary Arithmetic

Tuesday, July 17, 2007 12:02 PDT -07:00   Announcements  


June 26th boasted the launch of a Day of Silence imposed by internet radio broadcasters as a protest against the increase in royalty rates. Strengthening their numbers, a number of fervent supporters (including entertainment lawyer, Fred Wilhelms) have been working towards exposing the fraudulent side of the corporate music industry and its supporters.

Richard Ades, yet another over-paid spokesman for SoundExchange i.e. master spinner of un-truths, has countered the opposition with a free lesson in Imaginary Arithmetic. Retorting to the Internet Radio Day of Silence,Mr. Ades was quoted by Technology Daily as saying, “The bill on the hill would not only vacate CBR decision but would cut rates by 75 percent from what the old rate was. That’s their idea of fairness to artists? That’s an insult.” What’s really an insult is that even after spending $1 billion in administrative fees, SoundExchange can’t afford to hire an accountant (or an 8th-grade Math student) who could help them get their statistics right. Or maybe they’re just going with the “all humans are sheep” theory and hoping no one notices. Bad luck! The percentage-of-revenue royalty rate called for in H.R. 2060 is 7.5%. If Mr. Ades is correct about that being a 75% cut from the old rate, the old rate would have to be 30% (a seventy-five percent reduction from a 30% rate results in a 7.5% rate). But there’s a slight problem here: the old rate was never 30%. It was 10.9%.

So, in theory, Mr. Ades was off by a mere 275%. That’s not so bad. We can give him props for defeating John Simpson at the math game, who’s proclamations about Internet Radio having $500 million in advertising revenue were only about a 1000% off. It’s an improvement that lands a SoundExchange spokesman in nearly the same time-zone as reality. But, even with this progress, we’re about 100% tired of SoundExchange’s utter disdain for both the truth and public opinion and their disregard for the artist’s whose cause they claim to be championing.

Today’s lesson: If SoundExchange had been the organization behind the SAT back when I gave it, I’m pretty sure I could’ve landed a perfect score on the math section.

Related Articles

  • SoundExchange: $256 MILLION undistributed dollars
  • Making SoundExchange honest
  • Oz copyright cops get more than artists
  • Fred Wilhelms to Dick Huey …


  •  Del.Icio.Us this! | Digg this! | Reddit this! | Stumble this!

     Enjoyed this? Subscribe to the feed.

    No comments yet

    Leave a Comment

    You must be logged in to post a comment.


     
    Ares Free Music Downloads- Get it Today!
    Are You A Music Lover? Then You Need Ares!
    Worry and Hassle Free Music — Ares
    Great Music Is At Ares
    Ares Free Download Review
     
    Ares A Quality Program For Downloading Media
    .
    Free Ares for All
    .
    Ares Destiny Review
    .
    Advantages of Ares
    .
    Sharing Files With Ares Is Quick Easy and Fun
    .
     
     
     
    . Ares P2P
    . Ares is the ultimate photos and pictures download tool
    . Ares movie download
    . Downloading music with Ares – it’s so easy!
    . Ares is person to person download tool
     
     
    Acai Berry | Salvia | Ares Free Music Downloads Home
    Copyright © 2010 Official Ares All Rights Reserved.