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+ - Last major US record label is sold-> 1

Submitted by
jmanforever
jmanforever writes "Several sites are reporting that Russian billionaire Len Blavatnik has agreed to buy Warner Music Group for $3.3 billion. The deal means that every one of the big four record label groups will be foreign owned.
Can the RIAA explain again why it is in the best interest of the United States to collect performance royalties from American radio stations and internet streaming sites, then send the money to Tokyo, Paris, London and now Moscow?"

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Last major US record label is sold

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  • Can the RIAA explain again why it is in the best interest of the United States to collect performance royalties from American radio stations and internet streaming sites, then send the money to Tokyo, Paris, London and now Moscow?"

    Not all the money goes abroad.

    The split for SoundExchange looks like this:

    50% to the SRCO.
    The sound recording copyright owner.
    The record label may not own the copyright, it may simply be a licensed distributor.

    45% to the featured artist. The band, singer or orchestra.

    5% to uncredited session players and the like.

    ASCAP, BMI and SESAC collect performance revenue for the owners of the copyrighted musical work (the song), i.e. music publishers, songwriters and composers.

    FAQs [soundexchange.com]

The only function of economic forecasting is to make astrology look respectable. -- John Kenneth Galbraith

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