4.5 • 705 Ratings
🗓️ 3 October 2018
⏱️ 10 minutes
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0:00.0 | Welcome to Axis ProRata, a podcast that takes just 10 minutes to get you smarter on the collision of tech business and politics. |
0:07.2 | I'm Dan for Mac. On today's show, Apple CEO Tim Cook wants the government to regulate privacy and why Toys R Us might be returning to a strip mall near you. |
0:17.3 | But first, saving music, or at least letting us continue to stream it easily. Last month, |
0:25.2 | Congress passed something called the Music Modernization Act, and it's now sitting on President |
0:29.5 | Trump's desk, awaiting a signature that could come any minute. Once signed, this would become |
0:33.9 | the most significant update to music copyright laws since 2006. And yeah, I know, |
0:39.6 | that sounds super boring, but it might be the thing that not only lets the music market survive, |
0:45.2 | but thrive. So here's what you need to know. For starters, almost everyone is on board. |
0:50.1 | Musicians like it because a lot of them will get a bigger cut of copyright revenue. And |
0:54.0 | there'll also be some people who currently don't get paid, who now will be paid. |
0:58.0 | Streaming services like it because it's going to kind of give them a blanket license for songs, rather than having to buy them one by one or just use them and hope you don't get sued. |
1:07.8 | Plus, they seem to look like good guys to artists, which is always a benefit. |
1:12.1 | Maybe you can have relationships with the artists and get them in your commercials. |
1:15.3 | Finally, the labels like it really just because it makes their lives easier and because it could |
1:19.9 | maybe even increase the number of overall streaming services. There could be some new |
1:24.6 | startups that arise without needing the big money backing of a company like |
1:28.3 | Apple or Amazon. The bottom line here is this seems to be a bipartisan win, win, win, which is not |
1:36.1 | something we see very often when it comes to Washington, D.C., let alone D.C.'s dealings with big tech. |
1:42.0 | Maybe this is a lesson and could serve as a model for all the other problems that are coming |
1:45.6 | down the pipe. |
1:46.4 | In 15 seconds, we'll be joined on this and go deeper with Axios media reporter Sarah |
1:50.4 | Fisher. |
... |
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