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. identicon
    Lobo Santo's Ugly Ferret, 14 Dec 2009 @ 8:55am

    Re: Re:

    Good question. I'm not against contractual royalties at all. I am only against gov't-decided royalties. If two parties reach a willing agreement on royalties, then that's perfectly fine.

    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.

    But, the reason for the post (and I apologize if this was not clear) was not about "royalties" but about the fact that the record labels and politicians always talk about artists not getting paid what they're owed -- and in post of those cases it doesn't actually involve anyone being owed anything. Yet, here, when there's an actual case of artists not being paid what they're contractually owed, those same entities are noticeably silent.

    What are they going to say? I suspect this way they will get at least a little more money, as MySpace bought some of the assets, which puts at least a little money back in the pile. Should they jump up and down and say that this money losing system should be forced to stay open? Should they have the owners drawn and quartered for being business failures?

    Heck, do you think they go all wild every time a night club or radio station goes broke? Do they issue press releases and send in the lynch mob?

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.