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 Jul 13, 2010 - 01:01 PM - by Michael
* MafiAA Accounting

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Personal Stuff/Random News
Techdirt takes on how the RIAA members defraud musicians, in an ongoing series that previously showed how movie theaters fraudulently claim to lose money on even the most powerful summer blockbusters.

Of course, it's actually even more ridiculous than this report makes it out to be. Going back ten years ago, Courtney Love famously laid out the details of recording economics, where the label can make $11 million... and the actual artists make absolutely nothing. It starts off with a band getting a massive $1 million advance, and then you follow the money:
Read all the way through, to understand why the music industry is so messed up.
 

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