Fri 16 May 2008

RSS Feed

Edited by Paul Hales

Published by Incisive Media Investments Ltd.

Terms and Conditions of use.

To advertise in Europe e-mail here

To advertise in Asia email here.

To advertise in North America email here.

Join the INQbot Mail List for a weekly guide to our news stories:

Subscribe

RIAA penalty charges don't make it to the artists

$400 million sloshing about

ARTISTE MANAGERS are gearing up for a right old scrap with their tight-fisted music Uberlords, ito discover just when their poor prodigies can expect to get paid their dues after the RIAA got settlement agreements, estimated at about $400 million, with the big P2P companies.

P2P outfits Napster, Kazaa and Bolt.com all had to cough up millions to Universal Music, Warner Music and EMI to compensate artists for the illegal downloading of their music. But now managers claim that they've hardly seen a penny filter down to the artists, who are getting so frustrated that they have considered filing a few lawsuits themselves.

John Branca, who has represented Korn, Don Henley, The Rolling Stones and a plethora of others, commented: "Artist managers and lawyers have been wondering for months when their artists will see money from the copyright settlements and how it will be accounted for,"

Record label sources responded to the accusations by saying that the big corporate bosses were still determining how best to divide the cash. In a process that could take a very long while to settle, the mathematically minded music industry boffins have decided to calculate how much every single specific artist is owed, with regard to the level of copyright infringement suffered by each.

Artist managers claim that this stalling tactic is the result of a music industry in serious decline, wanting to hang on to every dollar they can. But, warns Irving Azoff, manager of superstars Christina Aguilera, The Eagles, Van Halen, Seal and more, "They will play hide and seek, but eventually will be forced to pay something,".

Of course, some labels deny the allegations outright. Warner Music's representative reckons the label "is sharing the Napster settlement with its recording artists and songwriters and at this stage nearly all settlement monies have been disbursed."
But according to some theories, there may not be any money to distribute at all. Fighting the digital music revolution may have cost more in legal expenses than the settlements were even worth. µ

L'Inq
New York Post

Comments

let me get in character...

Hold on....

Okay, I'm ready.

"I am shocked and appalled at this travesty! I assumed the RIAA and the music industry were being completely forthcoming and honest about their sincere desire to compensate the hard work of the artists whom they claim to represent. This deals an unexpected blow to my faith in large corporations to altruistically use their strength in capital and lobbying for the benefit of the common man."

So, how did I do?

AST adds: Don't phone us...
posted by : Jason, 29 February 2008

Like, totally...

...is there actually a conscious being somewhere who was under the impression that the RIAA has the best interests of recording artists in mind?

To quote one of my famous Inq headline quotes, quoted from Einstein, "Only two things are infinite - the universe, and human stupidity. And I'm not so sure about the first one."
posted by : Motoman, 29 February 2008

I Wonder.......

Just how much interest will accumulate on 400 mil before the RIAA decides how much each artist gets from "the original settlement". Same ploy the IRS uses here in the states prior to "refunding" all those souls their hard earned money.

Sigh!!!!!
posted by : BT, 29 February 2008

RIAA and MPAA being honest?

Since when has the RIAA and MPAA been honest with the community and the stars they represent?

For some reason, I feel that they're holding onto the money and the artists/stars won't be seeing a dime of it for years to come.

This whole settlement crap was just a ploy to get more money into their pockets, kinda like the oil execs and their record profits.
posted by : Simba7, 01 March 2008

Where do stereotypes come from?

This is like the studio claim that Spiderman didn't make any money and so they refused to pay Stan Lee while at the same time falling all over themselves to make Spiderman 2.

Or the how they cheated both the director and the family trust that holds the copyright on the JRR Tolkien works. Yeah, they're in court again, seems after taking in several billion dollars for the Lord of the Rings trilogy, the family only got $64K to split among them while the studio execs pocketed tens of millions each.

Everything they have should be taken by a court of law and divided among the artists and they should have to go out and get real jobs.
posted by : Some Goy, 02 March 2008
IThound
Search for solutions, reports & analysis

Newsletter signup