Friday, 29 February 2008

Artists to sue the RIAA

You have to laugh.
It seems most artists haven't received a penny from the estimated $400 million that the RIAA screwed out of early P2P pioneers such as Napster and Kazaa.
Virtually none of this fortune has filtered down to the actual artists they were supposed to be defending, and the artists have had enough and are threatening legal action.
The rumour is that most of the settlements were used to cover the high legal costs of actually getting the money.

So the only winners as usual are the lawyers, and it looks like they might be looking forward to another huge payday soon.

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