CEA's Shapiro Underscores Vibrant Audio Market in Testimony

CEA CEO Urges Lawmakers to Disregard Protections Sought From Legacy Industries

June 06, 2012

ARLINGTON, Va.--Consumer Electronics Association (CEA)® President and CEO Gary Shapiro will testify today before the House of Representatives Subcommittee on Communications and Technology during a "Future of Audio" hearing.

In his prepared testimony, Shapiro highlighted the incredible innovation underway in the marketplace, shifting consumer habits on audio consumption and the need for Congress to let innovation thrive. The following statement can be attributed to Shapiro:

"Consumers have never before had more choice in how they listen to audio, whether that be streaming services, such as Pandora, Spotify or Livio Radio, or through Sirius-XM, podcasts, MP3s or traditional broadcast services. And all this content is being shared over Facebook, Twitter and other social platforms. Along with video services, we have entered a golden age of content creation with any individual, entrepreneur or company able to create and distribute content to millions and millions of listeners.

"But with innovation comes disruption. Incumbent industries are always frightened by the rapidly changing habits of consumers, however beneficial that change is to our economy and culture. We urge Congress to not pick winners and losers in how this content is distributed as the market is clearly thriving. A mandate to include FM chips in mobile phones would be misguided as many such devices are in the market. Innovation is alive and well in the audio marketplace - let's leave it that way."

About CEA:

The Consumer Electronics Association (CEA) is the preeminent trade association promoting growth in the $195 billion U.S. consumer electronics industry. More than 2,000 companies enjoy the benefits of CEA membership, including legislative advocacy, market research, technical training and education, industry promotion, standards development and the fostering of business and strategic relationships. CEA also owns and produces the International CES - The Global Stage for Innovation. All profits from CES are reinvested into CEA's industry services. Find CEA online at www.CE.org, www.DeclareInnovation.com and through social media: https://www.facebook.com/#!/CEAfeed, http://twitter.com/ceafeed, http://blog.ce.org/.


Producers Guild of America's Produced By Conference
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Consumer Electronics Association (CEA)
Laura Hubbard, 703-907-4326

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