Earlier this month I blogged about a Copyright Board decision on commercial radio royalty rates that represented a big win for the collectives and a big loss for commercial radio stations. How big? Today Corus Entertainment, one of Canada's leading radio networks, announced that the new royalty rates will cost the company $2.6 million in 2005 alone. Corus CEO John Cassadday claims that the lost revenue will result in job layoffs at a company that employs 15 percent of the Canadian radio industry.
Corus on the Cost of Copyright
2 Comments
Recent Posts
Named to Canadian Lawyer’s Top 25 Most Influential Lawyers 
Be Careful What You Wish For: Why Asking Google Maps to Defy the U.S. on Lake Ontario Would Undermine Canadian Digital Sovereignty 
Big Money, Bigger Design Changes: What the Meta Settlement Means for Canada, Bill C-34, and the Age Verification and Privacy Risks That Remain 
Unleashing the Trolls: Ontario Court Opens the Door to Liability for Influencers Who Weaponize Their Audiences 
Why Ottawa Will Likely Join the U.S. in Opposing the Quebec Online Streaming Law at the Centre of the Trade Battle
the next BIG thing in AM/FM?
MORE ads LESS ROCK!
OH, waaah!
My first reaction was “oh, boo hoo”. Companies need to get off their duff and realize that profits aren’t some god-given right.
So, you made 71 million profit this year. If you do nothing differently, you’ll make, what, 69 million PROFIT next year?
Suck it up princess.
Now, the fact that the money that’s being collected may or may not end up in it’s target audiences hands? That’s a completely different story, one that doesn’t have anything to do with Corus or anyone else…