XM/Sirius have (temporarily?) canceled two punk rock stations, Fungus 53 and Sirius Punk, and are redirecting listeners to a 24-hour station “dedicated to Australian hard rock act AC/DC.” We’ve been told by readers that this is a temporary promotion and happens all the time, to which we ask, wtf? XM/Sirius sometime cancels real programming channels to run paid-for promotions? Do you get a refund on those channels, or what? [Punknews.org] (Thanks to Craig!)
When SoundExchange, the organization that represents many labels and artists, proposed steep new royalty rates for radio webcasters last year, they shortsightedly killed off their own revenue stream. Instead of their proposed rates being cut back as part of a standard negotiation, they were surprised to see the U.S. Copyright Royalty Board reject opposing arguments and adopt SoundExchange’s rates fully. Now Pandora, the popular streaming music site, says it’s paying over 70% of its revenue in royalties, and unless Washington changes the rates soon—which looks unlikely— they will have to shut down.