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Record companies forced by court to pay royalties - abates
Brilliant but slightly odd but very nice

Alden Bates
Date: 2004-05-06 22:17
Subject: Record companies forced by court to pay royalties
Security: Public
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
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Elsa Frohman
User: elsaf
Date: 2004-05-06 05:07 (UTC)
Subject: (no subject)
It seems a bit disingenuous to say they've lost touch with Sean Combs, Gloria Estefan or Dolly Parton. It isn't like any of the above three have been exactly hard to find.

Of course, none of the above are hurting either. They probably didn't ask for the royalties because they lost track of how much they were owed. It's the lesser known performers who were getting screwed.
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