The RIAA's worst kept secret
NY Times: Much of the stated concern over file sharing has centered on the revenue that record companies and musicians are losing, but few musicians ever actually receive royalties from their record sales on major labels, which managers say have accounting practices that are badly in need of review. (Artists do not receive royalties for a CD until the record company has earned back the money it has spent on them.)

The article, which I found via Scripting.com, goes on to say that even recent mega-dollar boy bands like The Backstreet Boys have never seen a dime from royalties. But, of course, the music fan is the criminal here and should be punished to the extreme.

P.S. Ever notice how the RIAA never seems to represent the artist? That's not a coincidence.
Posted on 09/15/03 - Category: General

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