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More good news for musicians.
Major recording companies have agreed to return nearly $50 million in unclaimed royalties to Sean Combs, Gloria Estefan, Dolly Parton and thousands of lesser known musicians under a settlement being announced Tuesday.
A two-year investigation by New York state Attorney General Eliot Spitzer's office found that many artists were not being paid royalties because record companies lost contact with the performers and had stopped making required payments.
Although I'm having a really hard time believing that Sony couldn't find P Diddy, Ms. Estefan or Dolly Parton. I mean, Dolly isn't that hard to find; she's got an amusement park and everything.
Posted by Casper at May 4, 2004 12:27 PM