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The RIAA, protector of poor musicians everywhere, set up a group called SoundExchange to collect the royalties for satellite, cable and web based broadcasting. So far, so good, right? The catch here is that musicians have to contact SoundExchange to get their money. If they don't, SoundExchange gets to keep what they've collected.
Tens of thousands of performers have failed to claim their digital dues from the Recording Industry Ass. Of America's royalties agency, SoundExchange. If they don't get in touch by the end of the year, SoundExchange will keep the royalties that were owed to them between 1996 and 2000.
I have this mental image of a scene from the invetiable movie: Someone from the RIAA protesting to the camera, saying "We've made announcements and tried to get musicians to sign up" while on a split screen, a small man walks around a music conference, whispering "Hey! If you want your royalties, sign up here!".
Thanks to Simon for the tip.
Posted by Casper at September 30, 2004 05:00 PM