As we have been mentioning many times folks, the music industry have been caught out playing dirty again, this time with cash for record plays on radio stations, for records that are clearly not worth the bother.
http://www.foxnews.com/story/0,2933,163537,00.htmlThe internal memos from Sony Music, revealed today in the New York state attorney general's investigation of payola at the company, will be mind blowing to those who are not so jaded to think records are played on the radio because they're good. We've all known for a long time that contemporary pop music stinks. We hear "hits" on the radio and wonder, "How can this be?"
Now we know. And memos from both Sony's Columbia and Epic Records senior vice presidents of promotions circa 2002-2003 — whose names are redacted in the reports but are well known in the industry — spell out who to pay and what to pay them in order to get the company's records on the air.
Well, nothing new there really, but nice to see something in the news making it plain for all to see, what they get away with, and I bet they declared any payments as "expenses" and paid no tax on them, as did those receiving these "gifts" of cash or goods.
Announced today: Sony Music — now known as Sony/BMG — has to pony up a $10 million settlement with New York's Attorney General Eliot Spitzer. It should be $100 million. And this won't be the end of the investigation. Spitzer's office is looking into all the record companies. This is just the beginning.
I,m suprised that so little is being awarded here this is obviously a long running scam on independant record labels, preventing them from getting airplay in favour of the "bought and paid for" offerings of the Cartel members.
Are these the sort of companies we can trust folks ?
