Sirius XM fans will see their subscription rates rise by nearly $2 this summer. According to an employee training document, the company plans to pass on to subscribers the cost of increased performance royalty rates for satellite radio instituted by the Copyright Royalty Board in 2007. Sources say the increase will amount to about $1.98-per-month when it is implemented on July 29.
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The week ending Oct. 3, 2008 was a momentous one, and not solely because of ongoing McCain-Obama high jinks like Tina Fey’s encore as Sarah Palin on “Saturday Night Live” or the one and only Web site where you can decide the race in a Kung-Fu Election.
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First and foremost, this week’s big slide on Wall Street hit tech stocks with a vengeance, too, disproving Google CEO Eric Schmidt’s assertion a little more than a week ago: “My guess is that the drama is New York and not here.” Ouch. But don’t say BoomTown didn’t warn you.
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Ted Ullyot, Facebook’s new general counsel, has “strong ties to the Republican Party.” Including a stint in former U.S. Attorney General Alberto Gonzales’s office, where, as chief of staff, he handled the government’s response to the the leak of CIA operative Valerie Plame’s indentity. “Ted’s arrival demonstrates we’re a little more grown up.” No word on whether or not you need to change your status immediately.”
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Not that it would ever have happened anyway, but Apple will not be shutting down the iTunes Store in protest over increased royalty rates paid to songwriters and publishers for CDs and digital music downloads.
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The Recording Industry Association of America demands damages of $150,000 per song for file-sharing infringements, yet it pays the artists who create those songs pennies for their work. And now it wants to pay them even less.
The RIAA and its online counterpart, the Digital Media Association, have petitioned the Copyright Royalty Board to slash the [...]
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