(In an effort to keep you fully informed, and fully entertained, below we present today's FYI and TMI — news you need and news that's, well, sometimes needless….)
Update: Jimmy Jam Testifies At Online Radio Royalties Hearing
On Nov. 28 the House Judiciary Subcommittee on Intellectual Property, Competition and the Internet held a hearing on Internet radio royalties, which came on the heels of the October introduction of the Internet Radio Fairness Act of 2012. Among those in attendance to testify were Pandora CEO Joe Kennedy, National Association of Broadcasters representative Bruce T. Reese and GRAMMY winner and Recording Academy Chair Emeritus Jimmy Jam, who lobbied against the bill. "The Internet Radio Fairness Act is ironically named," Jam said during his testimony. "It's hardly fair to ask the very people who enable Pandora's business to work for below-market payments." While the hearing was initially set to discuss a bill aimed at lowering online radio royalties paid to artists, the conversation instead delved into increasing royalty rates paid by such industries as satellite and terrestrial radio. This position was supported by Reps. John Conyers (D-Mich.), Melvin Watt (D-N.C.) and Jerrold Nadler (D-N.Y.).
Time Announces Person Of The Year Nominees
Time magazine has revealed the nominees for its Person of the Year award. Among the nominees are GRAMMY winners Bill Clinton, Hillary Rodham Clinton, Stephen Colbert, Jay-Z, President Barack Obama, and Jon Stewart; Korean pop star Psy; and the members of the incarcerated female trio Pussy Riot. The reader's choice winner will be announced Dec. 14, and Time's editors will reveal their pick on Dec. 21. Previous Person of the Year winners include Obama and Facebook co-founder Mark Zuckerberg, among others.
Mission: "Gangnam Style"
On the heels of landing the most-watched video in YouTube history with his viral hit "Gangnam Style," Korean pop star Psy is continuing to spread the Gangnam love, this time to some of Hollywood's elite. In a recent interview with the Associated Press, Psy revealed he would like to see actor Tom Cruise go "Gangnam Style." The pop star has already garnered acclaim from artists such as M.C. Hammer and Madonna, both of whom he performed onstage with, and President Barack Obama, who recently admitted he is a fan of the Gangnam style. Will Cruise accept this mission? Psy may have to show him the money, in the form of dance lessons.