Federal rules give songwriters short end of the royalty stick
{{#rendered}} {{/rendered}}If only there was a songwriter clever enough to write a little ditty about the federal government screwing him over.
The federal government has determined what sorts of royalties songwriters may receive, since well before the time sound recordings were common.
Since 1909, in fact, the compensation rate per song has increased just seven cents.
{{#rendered}} {{/rendered}}Tennessee’s two Republican U.S. senators, Bob Corker and Lamar Alexander, are co-sponsoring legislation with fellow Republican U.S. Sen. Orrin Hatch of Utah to change that.
The Songwriter Equity Act, if passed, would change federal law and allow songwriters to receive fair market compensation for the value of their work through music downloads and CD sales.