Listen while you can — until May 23rd, I guess.
Popularity hasn't been an issue with East Village Radio, who counted more than 1 million listeners worldwide a month (this after starting asa short-lived 10-watt FM radio station in April 2003). However, under the Congressional Digital Music Copyright Act of 1998, Internet broadcasters must pay a digital performance royalty for every listener.
"We pay a higher rate for royalties and licensing than Pandora pays. We live in a world where these behemouth music-streaming services keep going in for more capital," said Peter Ferraro, the general manager/head of programming at East Village Radio. "It's almost like we are being penalized for our growth.
"It's very difficult for an independent medium music company to survive in a world where Apple is paying $3.2 billion for Beats by Dre."
Still, East Village Radio was integral to the success of breaking new acts and giving airplay to musicians you might not have ever heard. The street-level studio was also a popular draw, bringing in celebrated music veterans such as Lou Reed, Richard Hell and John Lydon, among many others, through the years. You never knew who you might spot inside the studio at 19 First Ave. between East First Street and East Second Street.