RIAA have been withholding settlement money
Mikey 9 commentsThis 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.