Electronics: Pennies for The Piper

Pennies for The Piper

Compared with other technologies that have reached consumers' homes with blistering speed, digital recording has been a laggard. One reason: musicmakers resisted devices that could enable consumers to create free, mint- condition copies of their favorite albums. But last week the hardware makers and the music producers reached a truce, agreeing on a plan under which small royalties will be charged on all digital recording equipment (2%) and blank tapes and disks (3%). The royalties will be distributed to musicians in proportion to their record sales. If okayed by Congress, the draft legislation could provide a boost for digital audiotape and...

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