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. 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?

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