I have so many questions... but can't ask them as I literally have tears in my eyes from laughing at the replies. W… twitter.com/i/web/status/9…
Luis over at BlogD had an entry today about the latest move by the RIAA
to steal more money from people help the poor musicians who count on them for protection from those nasty, evil pirates! Well, according to this article, the RIAA is petitioning the courts to review the current royalty structures, not of the money that goes to the artists, but the amount of money that goes to the record companies.
As quoted by The Hollywood Reporter,”Mechanical royalties currently are out of whack with historical and international rates,” RIAA executive VP and General Counsel Steven Marks said. “We hope the judges will restore the proper balance by reducing the rate and moving to a more flexible percentage rate structure so that record companies can continue to create the sound recordings that drive revenues for music publishers.”
What this boils down to is MP3s and Ringtones were not under the old structure, so the record companies view this as their chance to redo the royalties. Here’s the kicker though, not redo to benefit the artists, but instead to lower the percentage paid to the artists and raise the percentage paid to the record companies.
This is my second article in less than a week about how greedy the music industry is, and it’s not the musicians! The “suits” are the ones getting greedier and greedier and making the industry as a whole look like a cesspool of greed. They sit and whine and whine about how CD sales are slumping, but yet you never see any real reports on the amount of digital download sales making up for that. It would seem to me to be a lot if they are so anxious to get the royalties re-written.
Instead we are told time and time again how piracy is hurting the musicians…perhaps it’s actually the fox guarding the hen house that’s hurting the musicians. I know…call me a radical if you must.