RIAA Wants Songwriter Royalties Cut by 39%?
Date : 2008 02 05 Category : Web News
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Proves it doesn't care about music artists and petitions copyright judges to lower rate from 9 cents per song, about 13% of the wholesale price, down to 8% of the wholesale price, or around 5 1/2 cents per song.
There is an interesting report via the Hollywood Reporter from early last week that proves once and for all that the RIAA really doesn't care about music artists, or "content providers" as it often refers to them as. For record labels are working to lower the "mechanical royalty" it's required to pay to songwriters and publishers.