Posts Tagged 'recording industry'

Where They Still Press Vinyl Records [video]

Eighty years ago, the recording industry of the day was crying that radio would destroy the music. Sadly, to this very day, the bean counters are still unable to learn how to use new technology. Will they ever embrace change? I doubt it.

Time Magazine – 1932 –

Tin Pan Alley is sadly aware that Radio has virtually plugged up its oldtime outlets, sheet music and gramophone discs. The average music publisher used to get $175,000 a year from disc sales. He now gets about 10% of this. No longer does a song hit sell a million copies. The copious stream of music poured out by Radio puts a song quickly to death. The average song’s life has dwindled from 18 months to 90 days; composers are forced to turn out a dozen songs a year instead of the oldtime two or three.

Continue reading HERE.

Major Record Labels Fined $45M For Piracy In Canada

Although the amount is  a drop in the bucket, it is an encouraging start. It would seem that the big labels haven’t bought enough Canadian politicians. They won’t have this problem in the US.

DailyTech reports –

After infringing on thousands of artists’ works, the big four labels agree to collectively pay them $45M USD. Since the 1980s, record companies have taken tracks from musicians who had not signed with them and put them on a “pending list”. This left thousands of musicians receiving no royalties as the major labels used, distributed, and even profited off their tracks. In Canada alone, this situation reached the point where 300,000 tracks, some dated back to the 1980s were listed as “pending”.  Some musicians were actively working — to no avail — to stop the record companies from pirating their tracks.

Now they have a bit of vindication.  After a long class action lawsuit dating back to 2008, filed on behalf of angry independent musicians, Warner Music, Sony BMG Music, EMI Music, and Universal Music have in effect acknowledged that they were engaging in copyright infringement.  They have agreed to settle to the tune of $45M USD. The Canadian Recording Industry Association CRIA, the Canadian sister organization of the RIAA, and the organization that represents the major labels claim that the payout is not an admission of guilt.  They write, “The settlement is a compromise of disputed claims and is not an admission of liability or wrongdoing by the record labels.” Apparently they believe that they did not pirate tracks or commit copyright infringement because they hoped to pay artists at some point — although they never did. In essence, their argument also boils down that it was too hard to find and legally purchase the tracks.

Continue reading HERE.

RIAA Keeps Promise – For 8 Days

This may well be a record for members of the recording industry. The RIAA promised to stop suing individuals for file sharing on De.26, 2008 and in an incredible show of  moral tenacity, kept their word for 8 entire days. The 192 hour drought was broken with UMG Recordings v. Briggs filed in Massachusetts. Just when people have lost faith in everyone, something like this comes along to restore their faith.  No word yet from Guinness.

Read more at TechDirt.


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