Music Industry Seeks Federal 'Payola' Inquiry
The recording industry from artists to major labels joined on Thursday in a rare show of unity to demand tougher laws barring what they called “payola”-like promotion of music played on the radio. They also called for a sweeping government review of radio industry consolidation. Deregulation of the radio business and rampant practices that skirt 40-year-old anti-payola laws stifle competition, drive up music promotional costs and make it harder for new artists to gain attention, the artists and record labels said in a joint statement addressed to the federal regulators and Congress. The statement was endorsed by a broad coalition… Read more »