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[Slashdot]RIAA Not Sharing Settlement Money with Artists

post #1 of 16
Thread Starter 
Quote:
"Various artists are considering lawsuits in order to press for their share of the estimated hundreds of millions of dollars the RIAA has obtained from settlements with services such as Bolt, KaZaA, and Napster. According to TorrentFreak's report on the potential action, there may not even be much left to pay out after monstrous legal fees are taken care of. The comments from the labels all claim that the money is on its way, and is simply taking longer due to difficulties dividing it all up."
Source:http://slashdot.org/article.pl?sid=0...23213&from=rss
Phrack
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post #2 of 16
I read that too on Slashdot, and I found it interesting that legal fees are diminishing anything they claim. Either lawyers are getting paid too much (the engineer inside me says yes) and/or they effort required to extract this money from offenders is not worth the return. In either case maybe they should look for a new strategy to combat piracy.
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post #3 of 16
Lol, the only people winning in these RIAA lawsuits is lawyers. Sounds like America to me!
RIAA, just give it up!!!!
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My Pwny!
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post #4 of 16
Thread Starter 
Quote:
Originally Posted by bruestle2 View Post
Lol, the only people winning in these RIAA lawsuits is lawyers. Sounds like America to me!
RIAA, just give it up!!!!
Up until very recently, the RIAA won everything and sued everyone.
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post #5 of 16
I wonder if the RIAA can go bankrupt or is their cash reserve tied directly in with the US's main bank account.

5,000th post.
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Lee XT
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post #6 of 16
Thread Starter 
Quote:
Originally Posted by Licht View Post
I wonder if the RIAA can go bankrupt or is their cash reserve tied directly in with the US's main bank account.

5,000th post.
Though it was a joke I'm gonna answer. The RIAA is comprised of the major executives of the 4 major record labels, Sony BMG, EMI, Universal and Warner — each of which consists of many smaller companies and labels serving different regions and markets. Meaning they have a near infinite amount of money from all the labels.
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post #7 of 16
Quote:
Originally Posted by RickJS View Post
Though it was a joke I'm gonna answer. The RIAA is comprised of the major executives of the 4 major record labels, Sony BMG, EMI, Universal and Warner — each of which consists of many smaller companies and labels serving different regions and markets. Meaning they have a near infinite amount of money from all the labels.
Just a little rediculous. Honestly they aren't doing their job and should be completely redone because right now they are just wasting our tax dollars.
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Lee XT
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post #8 of 16
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Quote:
Originally Posted by Licht View Post
Just a little rediculous. Honestly they aren't doing their job and should be completely redone because right now they are just wasting our tax dollars.
Everyone(normal people I mean) just thinks their a good organization for stopping piracy and seem the media never says anything bad about them thats all they'll ever think. Seems like everyone is on everyones payroll.
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post #9 of 16
Of course they're not. They're not in it for the recording artists. They're for protecting the record company's profits, regardless of the means. I'm sure they could care less about the artists (which is really lame)
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post #10 of 16
Hey think of it this way at least Britney Spears has multiple Mercedes Benzs, we have to think about what is important.
    
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