As evidence, he pointed to an agreement announced on the eve of the hearing between RealNetworks and music labels AOL Time Warner, Bertelsmann AG and EMI Group to form MusicNet. That new venture will serve as a clearinghouse where online services can obtain licenses to distribute their music. Yet, Hatch said he would like Congress to examine the possibility of adopting a system that would provide incentives to the record labels to strike agreements, such as a tax-incentive program. Henley and Morissette told the panel that artists are also vulnerable in the new online world because record-label deals for Internet distribution of music frequently fail to compensate the musician. Morissette said many artists are afraid to speak out on the issue.
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