Replies to post #17659 on Redacted Industries Inc (RDCT)

[Chaka]

"Every musical artist who first picked up a drumstick, sang in front of a mirror or wrote a lyric from the heart did so because they were inspired to create and share. While that is their gift to us, ultimately, they are the true owners, and we need to protect their rights," said Rep. Issa. "Since the global pandemic shuttered live venues, closed recording studios and music makers have struggled almost as never before, corporate broadcasters have continued to profit from the artists and musicians whose performances make all of it possible. It's time for all of them to receive compensation for their hard work and timeless art. I'm proud to stand with my colleagues on both sides of the aisle and introduce the American Music Fairness Act."

[tedpeele]

Very helpful article - raising some real questions:

Most radio stations are not tracked, and even when they are, they are not combined into useable data and shared with the copyright holders or rights organizations.

Yikes! Maybe the demand for what VNUE is doing won't really be there until the stations are required by law to report and it is enforced, and that's the real holdup? Maybe the savings we were told would go to the radio station were more 'theoretical' than actual?

Songwriters are compensated for radio play, but according to this article musicians and copywriter holders aren't, which is why this bill is being introduced.

Might it be that the reason Soundstr isn't deployed is because unit this bill is passed there just isn't much demand for what Soundstr can or will be offering?

Are we waiting on Congress to bring value to Soundstr that we, as investors, already thought was massively there?

If so, why didn't a similar bill pass in 2019? Will it pass now?:

Historically, similar legislation has not been approved by Congress. Marsha Blackburn (R-TN) and Rep. Jerrold Nadler (D-NY) introduced a bill, Ask Musicians for Music Act, in 2019. This bill would have allowed all music artists and owners of copyrights to work with radio stations to negotiate performance royalties for their permission to have their music played on the radio.