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RIAA Seeks To Reduce Songwriter Loyalties By Over A Third

Date: Monday, February 18, 2008 - 3:44am
Keywords: RIAA

According to papers filed by the RIAA at the Copyright Royalty Board, the labels want the board to reduce the rate to 8% of wholesale revenue. The current rate is about 9 cents per song, but it often is lowered in negotiations with the record companies. That money usually is split 50-50 between the publisher and the songwriter.

I thought these companies were fighting for the creators of the music, not against them?

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