Music Industry

by Mike Masnick


Filed Under:
artists, labels, music, settlement

Companies:
limewire, riaa



Major Labels Shamed Into Promising To Give Some Of $105 Million Limewire Settlement To Artists

from the but-how-much? dept

After Limewire settled with the major labels last week, many of us questioned how much of that money would go to actual artists. Many people, quite reasonably, pointed to a quote from a few years ago from the RIAA's Jonathan Lamy saying, "Any funds recouped are re-invested into our ongoing education and anti-piracy programs." That line got a lot of attention, and I wondered if the labels would be forced to actually give some money to artists, and it appears that may be happening. Lamy came out and said that his quote was about something else -- the RIAA's lawsuits against individuals (hurray for suing fans!), rather than this lawsuit against Limewire. Now, the major labels are starting to step forward and say that yes, yes, yes, they'll give some of the money to artists. I'm guessing, at this point, that it's purely a crisis management type situation, where the labels are realizing they need to show that they're giving some of the money to artists (in part because all these stories mean that the artists themselves have started asking). So now that the labels promise to give some of the money to artists, let's see if they ever say how much actually goes to artists...

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  1. identicon
    Huph, 19 May 2011 @ 12:58pm

    The RIAA is most likely going to divvy the proceeds up the same way they do some license fees. The most popular acts in each region--calculated by radio airplay--will get the money. Kind of silly--and maybe a bit ironic--because the artists who get the most play probably aren't really hurting for any money, though they might in fact be the most pirated. They're certainly not poor starving artists.

    Something tells me that the Red Hot Chili Peppers are somehow going to make bank.

    This money should be spent on music education in public schools. It should also be used to to make sure recordings locked away in vaults are being properly preserved. It should be spread around to ease licensing fees for small venues; the kind that actually book and pay struggling, starving artists. It should be used for the benefit of society. It shouldn't favor any specific artist.

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