Moses Avalon says this about the record companies and their apparent mishaps with recompensing the artists for those cd's sold through the record clubs... $100 million a year is a lot of forgetting. But I guess it's hard to keep track of things when you're dogging the students, the astrophysicists, and the ISPs. Michael Jackson has something to say about this, too.
Billboard mentions the CA Senate bill moving through the legislature imposing fiduciary responsibility on record companies. "Music industry officials oppose the bill, saying it would impede labels from developing new business models in the face of surging piracy. Recording Industry Association of America (RIAA) president Cary Sherman testified Tuesday that the bill "would distort the intensely negotiated, arms-length contractual relationship between an artist and recording label by imposing a fiduciary duty only on one party." Hmmm. In the hearings, it was pointed out that only one side, the record companies, "holds the financial records to calculate royalties."
Okay, enough of this RIAA silliness. Time to get back to studying for that last final....Posted by Mary Hodder at May 12, 2003 10:31 PM | TrackBack