How The RIAA Screws Artists With Creative Accounting

riaaYesterday 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.

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