Chris Castle: Somehow these companies with combined market capitalizations in excess of $2 trillion, companies including the richest companies in the history of commerce, are so threatened by a truly free market that they need to hide behind consent decrees that predate all of them.” Read more.
Senator Mike Lee is presiding over a hearing tomorrow before the U.S. Senate Antitrust Subcommittee with the provocative title “How Much For a Song?: The Antitrust Decrees that Govern the Market for Music“.
There are three fundamental questions presented to Senator Lee and the Subcommittee regarding the antitrust decrees that govern two of the three U.S. performing rights organizations.
1. How Much Longer Will The Government Throttle America’s Innovators? Whatever the rationale once was for the ASCAP and BMI consent decrees, it is long lost in the dustbin of history. Let’s be clear–the National Association of Broadcasters, the Digital Media Association, the Computer and Communications Industry Association, the Consumer Electronics Association and their overlapping membership and boards of directors want the Congress to think that this dispute is about “Big Music” versus innovation.
Somehow these companies with combined market capitalizations in excess of $2 trillion, companies including the richest…
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