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 Feb 05, 2008 - 10:23 AM - by Michael
* MafiAA attacks songwriters

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Personal Stuff/Random News
In case you had any doubt on whether they really want artists compensated, the MafiAA are trying to get the royalties LOWERED for songwriters.

"Record companies are suffering a contraction of their business at a time when music publisher revenues and margins have increased markedly," the trade group wrote. "While record companies have been forced to drastically cut costs and employees, music publisher catalogs have increased in value due to steadily rising mechanical royalty rates and alternative revenue streams made possible, but not enjoyed, by record companies."
Bad enough they cheat them, now they are outright trying to go back on the old agreements.
 

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