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Music publishing vs radio stations is a fascinating example - compulsory licensing, meaning radio stations are free to broadcast any music at all; even rules preventing radio stations and DJs from accepting payola from publishers to promote their records.




Compulsory licensing sounds interesting but isn't there a fundamental problem in terms of setting price? Music tends to not have big budget differences. Should a show with a budget of 10k get the same fee as a show with a budget of a $1mil? And who sets the price?

Do you pay a different ticket price to go see a James Cameron movie at the cinema than you do for a Wes Anderson movie?

How does that work?




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