by Mike Masnick
Wed, Jun 3rd 2009 9:04am
It's certainly nothing new to find out that record labels rarely have the best interests of the musicians at heart (despite their proclivity to claim so -- especially to Congress and the press). However, a new lawsuit (sent in by a bunch of you) that pits Cher and the heirs of Sonny Bono, highlights some of the many ways that labels screw over musicians. In this case, Cher is alleging that Universal Music funneled revenue through international subsidiaries in order to completely hide how much revenue was made on Sonny & Cher music, in order to avoid paying the contractually agreed upon royalties. Again, such charges of creative accounting are legion in the industry, but it's nice to see a lawsuit detail exactly how some of the funny accounting is done. Whenever major record label folks insist that the labels have the artists' best interests in mind, it seems worthwhile to point out these sorts of stories.
If you liked this post, you may also be interested in...
- Australian Librarians Start 'Cooking For Copyright' Campaign To Change Law For Unpublished Works
- MoMA Releases Data On 125,000 Art Works To The Public
- Warner Music's Response To Evidence Of Happy Birthday In The Public Domain: Who Really Knows Anything, Really?
- Dancing Babies, The DMCA, Fair Use And Whether Companies Should Pay For Bogus Takedowns
- Universal Music Takes Down Maroon 5's Own Video With A Copyright Claim