May 10, 2004
Slow News Day
Posted by nerdling | May 10, 2004 12:10 PM
A bill is set to go before the California State legislature this summer that would, if passed, require increased accountability for record companies when paying artist royalties. As the system is at present, the companies themselves are wholly responsible for appropriately compensating artists for the number of records sold; a number of lawsuits have been brought against many labels claiming that they did not pay artists the correct amount. The new system (assuming it works as intended) would alter the nature of contracts signed by musicians, giving them the right to sue if they are not properly compensated.
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