 RAIN 3/11: Registration open for RAIN Summit 2009 ·Mar 11, 10:54 AM Registration is now open for the RAIN Summit 2009, The annual RAIN Summit has become the premiere annual educational and networking event for broadcasters, webcasters, and sales professionals, and others working in radio’s new media space. This year’s Summit is hosted at the Renaissance Hotel adjacent to the Las Vegas This year’s RAIN Summit is officially a co-located event of the NAB Show, meaning RAIN Summit attendees will receive a free NAB exhibit hall pass. We’ll be announcing the roster of panelists, keynote speakers, and special guests over the coming weeks, so stay tuned! CORGAN PUSHES PERFORMANCE ROYALTY AT JUDICIARY HEARINGThe Smashing Pumpkins’ frontman Billy Corgan (pictured left) testified on behalf of the MusicFIRST Coalition during yesterday’s House Judiciary Committee hearing on the Performance Rights Act. “As the traditional revenue streams have dried up, most notably in the overall decline of record sales, it has placed stress on who continues to benefit from the old models,” Corgan said. “The future demands new partnerships and a rethinking of long-held practices about how artists should be compensated for their music…Not everyone who hears a song on terrestrial radio buys a ticket or a t-shirt…This legislation is simply a form of restoration to artists long overdue.”
NAB Radio Board Chairman Steve Newberry also testified, stating that “your local radio stations will be forced to cut services or employees, may be forced to move from a music format to a talk format or may be facing bankruptcy“ if the performance royalty is enacted. The Chicago Sun-Times has further coverage on the hearing here. ROSIN SHOWS DESTRUCTIVE POWER NET RADIO-LEVEL ROYALTIES WOULD HAVE ON BROADCASTERSEdison’s Larry Rosin mused on the implications an Internet radio-like performance royalty would have on broadcast radio. In short, established broadcasters would collapse under Internet radio’s high royalty rates. “According to one radio executive, if a performance royalty were set at the same rate as the Internet royalty rate, a Los Angeles station like KROQ or KIIS would pay approximately $13 million. Obviously a demand like that would throw every radio company into bankruptcy almost immediately. There’s no way they could pay it and meet their other obligations,” he writes. Rosin takes the prediction a step further, crafting a mock Arbitron ratings press release which states, “Overall, AM/FM listening is down dramatically, as more and more listening is going to Internet stations from Russia…Achieving airplay on these stations remains the best way for music companies to break new music.” Read Rosin’s full post here.
ABC RADIO NETWORKS MAKES DEAL WITH RADIOLICIOUSABC Radio Networks and Radiolicious have partnered to handle affiliate expansion and ad sales. Tom Taylor reports ABC Radio Networks will rep Radiolicious’ advertising inventory and work to “enlarge the affiliate base” in exchange for Radiolicious’ online player service. For more, read Taylor’s coverage here.
MEDIA, RADIO TOPS MOODY’S LIST OF “BOTTOM RUNG” COMPANIESA new ranking from Moody’s Investors Service called the “Bottom Rung,” which lists 283 companies likely to default on their debt in the next year, includes a long list of radio broadcasters. Media in general was the largest sector represented. Broadcasters listed included Citadel, Cumulus, Emmis, Radio One, Regent, Salem, Sirius XM, SBS and Univision among others. Moody estimates 45% of the companies on the list will actually default on their debt. For more, read The Huffington Post’s coverage here.share: del.icio.us.  Reddit  Digg  Yahoo  Wink  Windows  Google  Newsvine 
CommentCommenting is closed for this article.  Other stories RAIN has upgraded (and moved)! RAIN 9/13: RAIN Summit Chicago takes place today! RAIN 9/12: First Summit in RAIN's hometown takes place tomorrow RAIN 9/9: Summer holidays, "doldrums" impact July Webcast Metrics, but audience up over last year RAIN 9/8: Clear Channel launches new customizable iHeartRadio beta; RAIN goes hands-on RAIN 9/7: Meet more speakers you'll hear at RAIN Summit Chicago in less than a week RAIN 9/6: Clear Channel taps The Echo Nest to take on Pandora RAIN 9/2: RAIN reviews Spotify's radio-like product Artist Radio RAIN 9/1: UK online radio aggregator Radioplayer campaigns b'dcasters to create "all radio" ratings RAIN 8/31: Execs from Merlin, Triton Digital, jacAPPS and more to appear at RAIN Summit Chicago |
set to take place on Monday, April 20 in Las Vegas. There are three pricing tiers, ranging from Student to Standard, payable via credit card or PayPal. To register and find out more about the summit, head 
Convention Center. The Summit will feature a full day’s worth of engaging panels, presentations and keynotes, followed by socializing and networking with the 
It is worth noting that Corgan also expressed his (fawning) support for the TicketMaster/Livenation merger, which he’s now catching some flak over. And rightly so. It would have been easier if he just penned “suck it, fans” on that enormously visible dome of his and spared us the speech.
— bhance · Mar 12, 12:54 PM · #