Musicians explain to Congress how the music cartel treats them:
Music attorney Don Engel estimated that record companies routinely "underpay 10 to 40 percent on every royalty" and dare artists to challenge it without killing their careers.
The industries only defence was to flaunt their incompetence in their star-picking rôle
The industry also released an economic analysis that showed fewer than 5 percent of signed artists produce a hit record. Likewise, for every hit, the industry loses $6.3 million on albums that fail.
Time to let a marketplace decide who is to be a star, and who is to be paid, instead of this corrupt system.
Tuesday 23 July 2002
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