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Music biz has to cough up some dough
Posted on Wednesday, May 05 @ 11:28:43 CDT by rew
According to this story on Yahoo!, the big 5 record labels, Universal, Sony, EMI, BMG, and Warner - have agreed to pay ''''a whole bunch of recording artists back royalties amounting to more than $50 million.''''
The labels have to ''''pool their artist info and post ads to find any performers with whom they may have lost contact in an effort to make good on any unpaid royalties. If the artists can''''t be found, the money will revert to the state.''''
So here''''s hoping the guys get some of that moola!
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