The Music Modernization Act, now set to become law, is silent on one big remaining issue for the music industry: U.S. AM/FM radio stations pay nothing to broadcast the sound recordings they play. But radio’s public performance exemption may have given digital competitors an edge. The unintended consequence of the free perk: the radio industry’s long-term underinvestment in a compelling digital offering.
Source: Terrestrial Radio Ducks Music Modernization Act, But Still Must Face the Music (Op-Ed)