It's well known that its not just consumers being ripped off by the recording industry, yet another story has emerged of corporate greed and low morals.
http://www.zeropaid.com/news/9696/Band+Sues+Record+Label+for+Digital+Music+Distribution+RipoffA lawsuit, filed in Manhattan federal court, said UMG "refuses to pay Plaintiffs at the correct royalty rate for its digital exploitation of the Capricorn Masters," including from CDs, digital downloads and ringtones.
The lawsuit centers around a 1985 agreement between the band and Polygram, which Universal later bought, that said the band would be paid half of the profits on any other commercial usage not specified in the agreement like the sale of music downloads on Apple's iTunes for example.
"UMG incurs practically no expenses or risks in connection with the Masters, particularly with respect to licensing other companies such as Apple to create and distribute digital downloads ... yet UMG reaps millions of dollars every year from such exploitation," the lawsuit said.
In their eyes, as well as mine I might add, giving 50% of you profits to a company that doesn't do a thing is entirely unfair and disproves once again the myth that record labels care about music artists.
Did this band think otherwise at some stage
