It’s called The Grammy Fund for Music Creators and it’s a Political Action Committee just put together by the Recording Academy and announced yesterday. In a blog post about the new PAC Daryl Friedman, chief industry, government and members relations officer for the Recording Academy, said “Broadcasters, tech companies and other large corporations are pocketing the profits from music, while music creators don’t always receive fair compensation for their work.”

Broadcasters have long argued that radio plays a vital role in the ecosystem of the music business, providing artists with massive amounts of free promotion and airplay. Some regulators have been pushing the Fair Play Fair Pay Act to get radio to pay to play music while the NAB has been lobbying lawmakers with its own bill called The Local Radio Freedom Act

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