Saturday, 8. May 2004
Topic: COPYRIGHT - on May 8, 2004 at 1:59:00 PM CEST
$50 MILLION IN ROYALTIES RETURNS TO ARTISTS
State Attorney General Eliot Spitzer today announced a deal with the nation’s top recording companies that returns nearly $50 million in unclaimed royalties to thousands of performers.
The agreement comes after a two-year investigation by Spitzer’s office found that many artists and writers were not being paid royalties because record companies had failed to maintain contact with the performers and had stopped making required payments. This problem affected both star entertainers with numerous hit recordings and obscure musicians who may have had only one recording.
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