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Just how much did Universal Music Group spend lobbying lawmakers during the second quarter of this year? The answer, according to disclosure documents unearthed by BusinessWeek, is a hefty $840,000, or $280,000 a month. The funds were used to push a number of objectives, including terrestrial radio performance royalties for recordings and anti-piracy initiatives. The quarterly amount represents a 20 percent year-over-year increase, and a $30,000 bump over Q1 figures.
The paperwork was filed with the clerk's office for the House of Representatives on July 20th, and lobbied groups included Congress, the Office of Management and Budget, the Federal Communications Commission (FCC), and other agencies.
Comments Closed
aaccardo Monday, August 30, 2010
So, if regulation lags technology, and technology destroys the business models that Universal has relied on for decades, it makes sense to me that Universal would try to help regulation catch up a bit to technology... Not that it shouldn't look to other strategies as well, but it seems that this is a fully logical business strategy.
NathanJE Monday, August 30, 2010
except that they could be using the same money to invest in new tech and r&d instead of protecting the old model?
@gritboy (via Twitter) Monday, August 30, 2010
I would love to know the percentage spent on performance royalties v anti-piracy here. Also... Source?
alexandra Monday, August 30, 2010
@gritboy,
We don't have a breakdown currently, but we'll continue to research this tomorrow to hopefully offer more detail. Businessweek was the first to unearth the filing. Also, if you follow us on Twitter we can respond to you directly over there as well.
alexandra Tuesday, August 31, 2010
@gritboy,
checked this morning - no breakdowns available for the various lobbying items. UMG filed the document with the US House of Representatives to comply with the Lobbying Disclosure Act of 1995.
@virberg (via Twitter) Wednesday, September 01, 2010
Hello, voilà la source
@penas (via Twitter) Tuesday, August 31, 2010
Universal Music USA gasta 840 mil USD em lobby - advocacia no congresso e senado - em 3 meses
CrowfeatheR Tuesday, August 31, 2010
Jeez, what's it cost these days to bribe crooked pols to do something to stop people from violating the laws they've already passed? I'm all for a performance fee too, as long as it goes direct to the artists and not right into the 360 deal coffers. Many of these hip hop types are used as slaves, so I'm all for the performance fee.
~ CrowfeatheR
stevemeyer Wednesday, September 01, 2010
"The funds were used to push a number of objectives, including terrestrial radio performance royalties for recordings and anti-piracy initiatives. The quarterly amount represents a 20 percent year-over-year increase, and a $30,000 bump over Q1 figures. "
Close to $1 million spent...on what? Sounds like the money they spent accomplished as little as Obama's stimulus packages.
Anti-piracy initatives? Which means? Lobbying our politcians in D.C.? They are after all, the best politicians money can buy. If that's where the money went, why pay the RIAA?
It sure seems that this money could have done more good if spent on trying to create new revenue steams for the company as technology moves forward at lightspeed.
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