Musicians Wondering Why They're Not Seeing A Cut Of RIAA Settlements
Date : 02 28 2008 Category : Business
Techdirt
The RIAA and its associated organizations certainly have a rather long history of not sharing the windfall from various lawsuits and settlements with the artists the RIAA likes to claim it represents -- and now those musicians are getting angry. Torrent Freak points us to the news that various managers and lawyers representing some big name musicians are discussing filing a lawsuit against the record labels for keeping all of that money. The record labels claim either that they are distributing some amount (if required to contractually) or that they're still trying to figure out how to "split" the money. Of course, they're also giving the usual story about how "after legal fees" there really isn't that much left to give out. Remember, though, when it comes to talk to the press or politicians, they'll swear up and down that these lawsuits are all for the musicians.
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