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RIAA Hasn't Given Any Lawsuit Money To The Artists, Might Not Be Any Left To Give

Date: Saturday, March 8, 2008 - 8:47pm
Keywords: RIAA, unethical business practices, litigation as a business model

A contingent of prominent artist managers claims that little to none of that money has trickled down to their clients. They are now considering legal action.

"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," said lawyer John Branca, who has represented Korn, Don Henley, and The Rolling Stones, among others.

"Some of them are even talking about filing lawsuits if they don't get paid soon."

Record label sources said corporate bosses are still deciding on how best to split the money. In determining the payout, they said not every artist is owed money and it must be calculated with regard to the level of copyright infringement for each artist.

What's more, these sources said that after the labels recouped their legal expenses, there wasn't much left to pass along to the artists.

But a source on the artists' side said that is an argument heard all too often in the music business.

Getting money out of the major labels is never easy, but given the industry's downward financial spiral it is exponentially more difficult now, the source said.

"The record labels are experts at transferring money around and putting the onus on artists managers to find it."

Hmmm, looks like litigation isn't a valid business model. Be funny if the artists did actually sue the RIAA.

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