WASHINGTON, DC - NAB President and CEO David K. Rehr yesterday sent a letter to John Simson, executive director of SoundExchange, expressing "extreme disappointment" with a recent letter from the organization dismissing the 'good faith' offer made 96 days earlier by NAB to resolve a rate-setting issue related to music streamed over the Internet.
NAB's original offer was made on June 6 in a meeting between executives from NAB and SoundExchange, an organization created by the international record conglomerates that comprise the Recording Industry Association of America (RIAA) to establish and collect royalties for digital sound recordings. For over 13 weeks, NAB received no response.
The National Association of Broadcasters is a trade association that advocates on behalf of more than 8,300 free, local radio and television stations and also broadcast networks before Congress, the Federal Communications Commission and the Courts. Information about NAB can be found at www.nab.org.