Digital music
The RIAA has negotiated settlements worth hundreds of millions of dollars

RIAA faces lawsuits from artists

Millions of dollars in settlements still not being paid, claim artists

Written by Iain Thomson

The Recording Industry Association of America (RIAA) is facing the possibility of legal action from artists who claim to have received no money from the settlement of peer-to-peer cases.

The RIAA has negotiated settlements worth hundreds of millions of dollars from YouTube, Napster, Kazaa and others, but the artists whom the organisation has been so litigiously defending say that they have not seen a cent.

Advertisement

"Artist managers and lawyers have been wondering for months when their artists will see money from the copyright settlements and how it will be accounted for," John Branca, a lawyer who has represented Korn, Don Henley and The Rolling Stones, told the New York Post.

"Some of them are even talking about filing lawsuits if they don't get paid soon."

The record companies have protested that some payments have been made and that they are working out the best way to pass the money onto artists.

However, it has been years since some settlements and artists, and their managers, are getting concerned.

They will play hide and seek, but eventually will be forced to pay something

Irving Azoff Talent manager, The Eagles

"They will play hide and seek, but eventually will be forced to pay something," Irving Azoff, talent manager for The Eagles told the paper.

"The record companies have even tried to credit unrecouped accounts. It's never easy for an artist to get paid their fair share."

Tags:

Comments

White papers

Related jobs

More Accounting jobs

Spotlight

Andrew Higginson, Tesco Personal Finance

Profile: Andrew Higginson, CEO of Tesco Personal Finance

He’s spent more than a decade at the top of...

Top 30 Accounting Networks and Associations 2008

The race to become the biggest firm on the planet...

Barack Obama Accountancy Age cover October 2008

Obama: asset or liability?

What an Obama presidency could mean for you

Find your next job

Find your next job
Salary Checker

Job of the week

More finance jobs

Newsletters

Sign up here for the very latest news delivered to your inbox. Choose from the following options:

Your next job

Have your say

Will proposed tax cuts help to stimulate the economy?
Yes
No

Advertisement

Search white papers

Search white papers

Advertisement