Tuesday, September 24, 2002
Rockers protest accounting practices

"A parade of celebrities including Eagles members Joe Walsh and Glenn Frey, rocker Tom Waits, Backstreet Boys Kevin Richardson and Howie Dorough and country singer Clint Black are scheduled to appear at a hearing before California lawmakers Tuesday to help press their case.

The artists contend that musicians are deprived of millions of dollars in royalties each year because industry accounting is riddled with mistakes and based on antiquated formulas delivered in vague language. The Recording Artists Coalition, whose members include Madonna, Sheryl Crow and Beck, is among the groups seeking legislation that would impose penalties on record companies for accounting errors."

I mentioned this here before.  Today's hearings are focused on the lack of good accounting practices in the music industry and the lack of penalties for underreporting royalties to artists.  Artists hope a good law passed in California could influence national practices.

[via BlogCritics]


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