How The RIAA Screws Artists With Creative Accounting
Yesterday we posted an article about the Swiss IFPI boss who quit following fraud allegations.
In the U.S. the RIAA is not a stranger to creative accounting either, although they do stick within the boundaries of the law.
In an excellent video titled “How To Sell 1 Million Albums and Owe $500,000″ lawyer Martin Frascogna explains how the record labels screw over artists with sneaky contracts.
The “breakage fees” are a good example. Somehow the RIAA believes 10% of all MP3s “break,” just like vinyl records did decades ago.
Really?
More below.. via Techdirt.
