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NAB Radio Board adopts proposal for settlement of performance tax issue - where do we go from here?

  • Davis Wright Tremaine LLP
  • -
  • USA
  • -
  • October 25 2010

The NAB Radio Board today voted to adopt a Terms Sheet to offer to the musicFirst Coalition which, if agreed to by musicFirst and adopted by Congress, will settle the contentious issue of whether to impose a sound recording performance royalty (the "performance tax") on over-the-air broadcasters