Radio Performance Tax Battle Rages On
The Bush administration has come out in support of the Performance Rights Act with the Department of Commerce stating that the legislation is “an appropriate and workable approach to providing compensation to recording artists and record labels for the transmission of their works by over-the-air broadcast stations.” Considering Bush’s dead lame duck status, this endorsement is meaningless. Recently, Nancy Sinatra,...
The Orchard Wins TVT Bankruptcy Auction
The Orchard has declared they are the winners of the TVT Records Chapter 11 auction, held yesterday in New York. Terms of the deal were not disclosed, and our inquiries to The Orchard’s PR department were rebuffed, but it is been reported that The Orchard shelled out $6.05 million for the honor of taking the beleaguered label off of Steve Gottlieb’s hands. The acquisition, expected to close by July 3, is still subject to...
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