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Major Record Labels To Pay $45 Million for Pirating Artists’ Music

Hoplite

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So...do as we say, not as we do?

Record labels to pay $47.5M to songwriters - Money
Four of Canada’s biggest record labels have agreed to pay songwriters and music publishers $47.5 million in damages for copyright infringement and overdue royalties to settle a class action lawsuit.

Sony Music Entertainment Canada Inc., EMI Music Canada Inc., Universal Music Canada Inc. and Warner Music Canada Co. will pay the plaintiffs, led by the estate of legendary jazz musician Henry “Chet” Baker. He died in 1988.

The 2008 class action alleges that the record companies “exploited” music owners by reproducing and selling in excess of 300,000 song titles without securing licenses from the copyright owners and/or without paying the associated royalty payments.


Record Labels To Pay $45 Million for Pirating Artists’ Music | TorrentFreak

It's incidents like this that really erode my sympathy for the music industry when it starts crying about copyright infringement.
 
The music industry is just that, an industry. It's absolutely 100% corporatist now. Money is all that matters, both for the labels and for the artists. Sure, money was always a factor, but performers like Eric Clapton, Miles Davis, The Beatles, etc, obviously had a large artistic stake in their music. Justin Bieber? Rhianna? For the cash.

ie: I never had any sympathy for the industry to begin with.
 
The industry has always been a bunch of hypocritical morons. They deserve no sympathy what so ever.
 
I never had any sympathy for the recording industry in the first place. They're hypocrites and thieves. Hopefully, in my lifetime I'll see them out of business as more artists move towards internet distribution that doesn't need a record label behind it.
 
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