Artists Want Their Share of the Music Industry Settlements

The NY Post reports that artists have yet to receive their share of the hundreds of millions of dollars in settlements, INFRINGEMENT! Artists Say They Want Their Music Site Dough.

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.

It's no wonder that we face another strike this summer since the studios constantly try to rip off the artists, writers, actors and directors.

Comments

[Gir]

"Record label sources said corporate bosses are still deciding on how best to split the money."

And making a pretty penny in interest as they sit on it. Not wonder they're in no hurry - the longer they tie it up, the more they can skim off the top.