Monday, May 16, 2011
According to the NY Times, the major record labels won a $105 million settlement against the file-sharing network LimeWire. The article asks the age old question: What will the artists see? As most lawyers, managers or artists will tell you, they will see nothing. Legal fees have to be paid first and I'm sure those are hefty, but what the labels keep and what gets to the artists are two different amounts. I'd love to hear from any musician who saw money from a record label after his/her label successfully sued a company in a case where money should have gone to the artist.