Tuesday, February 21, 2012

Kenny Rogers Caught In A Joe Vs The Volcano Audit

Kenny Rogers has sued Capitol Records for failing to pay him his owed royalties. TechDirt has a piece on the ordeal.

Rogers originally performed an audit, which took more than a year to get going with Capitol. On many levels he found royalties that weren't paid, some put into a "suspended file", over-charges for a music video, etc. When his negotiations to get paid, went nowhere (in the middle of the ordeal, he found out that people he was working had left the label) and he felt he was being led down a black hole, he sued the label.

He was also questioning where all the money the label received in the settlement suits with companies such as Napster, Kazaa, AudioGalaxy and Grokster went. That money was suppose to be shared with the artists. No one would let him in on where the money was stashed.

The sad thing about this whole process is that Rogers is probably doling out tons of money to accountants and lawyers to get him what should be rightfully his. Unfortunately this "accounting" has been going on since the beginning of the legacy labels. Transparency has never been part of their business practices. I'm in the Gambler's corner. I hope this one pays off.

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