RIAA not sharing settlement money with artists

By on February 29, 2008, 7:23 PM
Despite collecting millions in P2P related settlements from the likes of Napster ($270 million), Bolt ($30 million), Kazaa ($130 million), and other companies, those who are supposed to benefit from it – the artists whose rights had been allegedly infringed – are apparently not being compensated with the proceeds from the lawsuits.

Now, according this article, the managers of some major artists are starting to get very impatient to the point of threatening to file lawsuits against the RIAA if they don’t get paid soon. Of course, comments from the labels all claim that the money is on its way, and that it is simply taking longer due to difficulties calculating how to split the money with regard to the level of copyright infringement for each artist.

Not only that, but sources claim there may not even be much left to pay out after the outrageous legal fees are taken care of. If that’s the case, why sue in the first place then? Clearly this is just RIAA’s way of protecting an aging business model rather than finding a way to embrace the technologies that will eventually prove essential to the industry’s survival.

User Comments: 13

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thejedislayer said:
You'd think they'd learn. Tisk tisk.
detoam said:
HA-HA. Greed breeds no friends.
canadian said:
Somehow, this doesn't surprise me.
otester said:
RIAA lost more money than they gained over the lawsuits so if the labels get anything it will be from there pocket, otherwise they are getting sued :)
phantasm66 said:
And this comes as a surprise to you why exactly?Of course they are not concerned with paying artists. But they play the "starving artist" card all too often.
ezpcmars said:
RIAA collect $$ protecting the industry by getting ritch off?How does it feel METALICA?lolz
phantasm66 said:
Oh these guys really will go down badly in the history books.
windmill007 said:
RIAA doesn't do any good. Get with the times. The old model is dead. Long live limewire till there is something worth using :)Itunes...BLA....Amazon... BLA... I want at least 320K VBR mps at a decent price. If they would just cut out the middle man and pay artist directly we could get mp3s for like under 20 cents a piece... I actually might buy them. Kinda of like mp3sparks dot com . But they arn't paying the artist is the only problem with that.[Edited by windmill007 on 2008-03-01 09:22:51]
loquacious1 said:
And we shall one day dance on their graves! Muahahaha;)
ejemmons said:
Not only is the music business in a pitiable condition creatively, now 20 some years, this pathetic org whose only contribution so far is to standardise the phongraph record recording characteristic (the old RIAA curve), has the balls to go after college kids dubbing their favorite tunes, like that hasn't been going on since the day of the Wilcox-gay Recordio.Send 'em where Bush and his cronies belong!!!!I have been making records since 1967, and I say "Go ahead and copy to your heart's content. Get the music spread as far and wide as it can go. The point is to make people happy, perhaps raise consciousness, NOT especially to rake in the bloody bux, which mostly DONT get as far as the poor artists. But, ah, I forget, it's a lawyer's world, ain't it?"Pfui.
space_cowboy said:
Sounds like the RIAA has opened themselves up to be sued... especially those that have been sued by them under false pretences!ejemmons... no reason to bring politics into this, simply because the government has NOTHING to do with them. The RIAA was created by the record industry, so if you want to point fingers... point it at them... namely SONY.
icye said:
The RIAA continues to sue people who don't even download illegal music, they prey on the poor college kids who are in debt already to get their degrees, they keep all the money for themselves leaving the artists in the cold. Greed and corruption will be among many words that describe the RIAA.
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