RIAA have been withholding settlement money
Mikey 9 comments
This would be funny if it weren't serious. It turns out the most hated organisation in America, or the RIAA as otherwise known has been doing something rather naughty.
Figures released today indicate how much of the millions of dollars in copyright damages they have earned has actually gone to the copyright holders they defend: That figure is $0.00. The total settlement pool is said be around the $400 million mark, and thus far recording studios and artists have yet to see a single cent.
In what could turn out to be a poetic twist of sweet sweet justice, some recording studios are now talking about suing the RIAA for withholding money. Of course the RIAA have their own side of the story.
Read the full story at TorrentFreak.
Tuesday 4th March 2008 | 05:31 AM
"Its being claimed that after legal bills were subtracted from the hundreds of millions in settlements, there wasnt much left over to hand out." - TorrentFreak
So what exactly was the point of the settlement cases if they made hardly any money left over and then screw over the artists?
Jim- Just a Guy
Tuesday 4th March 2008 | 05:46 AMI love this the people accusing people of ripping off artists are ripping off artists. I remember the days of of passing a tape, that's right kids a cassette, to a friend so they could listen to something I had.
Pieter
Monday 10th March 2008 | 01:43 PMJIM: I own tapes and vinyl and me and my friends also pass them around. But catch this... we're only 15-17.
Vinyl and tapes are still huge in metal and punk music since many underground bands do not put out CD's.
I know for a fact I have far more vinyl than CD's for my Grindcore and Crust volumes.
Oh and fuck the RIAA
Jim- Just a Guy
Monday 10th March 2008 | 01:52 PM...in response to this comment by Pieter. Thank you for restoring my faith in humanity. To know that kids are still listening to vinyl is the greatest news I have heard in a long time. I really mean that. Vinyl is the best way to hear music. It's the only way to preserve the entire sound. Digital will never be as good because no matter how high of a sample rate you use you are still not getting the entire sound.
Sean
Wednesday 12th March 2008 | 12:37 AM...in response to this comment by Jim- Just a Guy. This may be true, but with file formats such as .OGG we are getting to the point where you would never hear the difference.
Jim- Just a Guy
Saturday 1st March 2008 | 05:15 AMThis comes as no surprise. First they use extortionist tactics, They file criminal suits just to get names then withdraw and send threatening letters to the accused. If thee accused does not cough up the cash they file a civil suit. Torrent Freak is a great place to keep up on what is going in in the file sharing world. Also check http://filesharingz.com/. They pull headlines from 2 other sites as well as Torrent Freak.