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...
Hide this

Thank you for reading this Techdirt post. With so many things competing for everyone’s attention these days, we really appreciate you giving us your time. We work hard every day to put quality content out there for our community.

Techdirt is one of the few remaining truly independent media outlets. We do not have a giant corporation behind us, and we rely heavily on our community to support us, in an age when advertisers are increasingly uninterested in sponsoring small, independent sites — especially a site like ours that is unwilling to pull punches in its reporting and analysis.

While other websites have resorted to paywalls, registration requirements, and increasingly annoying/intrusive advertising, we have always kept Techdirt open and available to anyone. But in order to continue doing so, we need your support. We offer a variety of ways for our readers to support us, from direct donations to special subscriptions and cool merchandise — and every little bit helps. Thank you.

–The Techdirt Team

Filed Under: copyright, money, music, paid
Companies: imeem, myspace, snocap


Reader Comments

Subscribe: RSS

View by: Time | Thread


  1. icon
    Mike Masnick (profile), 14 Dec 2009 @ 12:14pm

    Re: Re: Re:

    Mikee REALLY???? REALLY???? Your all for the contractual royalties that are agreed upon between two willing parties????

    Yes. Not sure why the caps and the extra ?. They are not needed in polite conversation.

    But wait how many times have you went on and on and on about how the Labels screw the artist????

    I haven't complained about reasonable deals. I can suggest that deals were unfair, but that's different from being against royalties. I'm sorry if that is unclear.

    Yet the Artist willing entered into the contract that provided them a huge sum up front in exchange for their rights to distribute the music....

    Indeed. And I have no problem with such agreements when done properly. My only complaints have been about how some of those deals have been carried out. But for the most part I am perfectly fine with them. I think that, these days, there are more opportunities for artist to get better deals, but I don't believe I've ever suggested that artists in the past shouldn't have signed a reasonable deal when it came to them.

    So REALLY now are you REALLY all for the contractual royalties or or ONLY for it when it works for your agenda of spitting out crap from your keyboard?

    I'm sorry. I think I've been rather clear on this topic. I don't quite see what your complaint is other than that you seem to misunderstand what I have written. I would suggest rereading what I write more carefully, and if you still have questions, let me know (but you could lose a few of the excess punctuation).

Add Your Comment

Have a Techdirt Account? Sign in now. Want one? Register here



Subscribe to the Techdirt Daily newsletter




Comment Options:

  • Use markdown. Use plain text.
  • Remember name/email/url (set a cookie)

Follow Techdirt
Insider Shop - Show Your Support!

Advertisement
Report this ad  |  Hide Techdirt ads
Essential Reading
Techdirt Deals
Report this ad  |  Hide Techdirt ads
Techdirt Insider Chat
Advertisement
Report this ad  |  Hide Techdirt ads
Recent Stories
Advertisement
Report this ad  |  Hide Techdirt ads

This site, like most other sites on the web, uses cookies. For more information, see our privacy policy. Got it
Close

Email This

This feature is only available to registered users. Register or sign in to use it.