Artists: Don't Expect To Get Paid For What Imeem & Snocap Owe You

from the sorry,-too-bad dept

We always hear the record labels and politicians screaming bloody murder over the concept that musicians aren't being paid "what they're owed" due to piracy -- but when there's a situation where musicians might actually not be getting paid what they're owed? Silence. A few weeks back, MySpace "bought" Imeem in a fire sale. But, the details of the deal suggest they didn't actually buy the company, but "certain assets," which means they get to ignore the liabilities. Guess what those liabilities include? You got it: paying artists what they're owed. Now, as the Wired article notes, there's nothing technically wrong with MySpace acquiring just the assets, but it is notable that it's the musicians left without getting paid what they're actually owed (not some theoretical concept like what they might be "owed" due to unauthorized file sharing). And, yet, we don't seem to hear any politicians or record labels screaming about this. Funny, since they keep insisting that they're really just interested in helping artists...
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Filed Under: copyright, money, music, paid
Companies: imeem, myspace, snocap


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  1. icon
    Richard (profile), 14 Dec 2009 @ 9:13am

    Re: Re: Re:

    The government system is just a way to avoid having to negotiate royalties with each individual user, which would just be making money for the lawyers. It also helps to keep a level playing field and avoid sweetheart deals that could put one company at an advantage over another.

    Except that it doesn't do any of those things in the cases where the copyright holder is the weaker party - artist's regularly end up signing over their works for very little.
    (and the lawyers still seem to make a lot of money)

    What it does do is to give a veneer of legal respectability to what is to all intents and purposes a cartel.

    If publishers (including record companies, movie studios etc) actually competed with each other in the terms they offered to the public then copyright as we know it would probably wither away.

    At present they are all able to agree on a standard set of conditions (as suggested by copyright law) and that makes it much easier for them to avoid competing in this area.

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