May 6th, 2004

Bonnie

Record companies forced by court to pay royalties

Originally from Boing Boing: Recording Companies Agree to Pay $50M

NEW YORK - Major recording companies have agreed to return nearly $50 million in unclaimed royalties to Sean Combs, Gloria Estefan, Dolly Parton and thousands of lesser known musicians under a settlement announced Tuesday.

A two-year investigation by New York state Attorney General Eliot Spitzer's office found that many artists were not being paid royalties because record companies lost contact with the performers and had stopped making required payments.


*cough* Too busy suing small children and pensioners to keep track of Dolly Parton, eh? :P