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Saturday, April 29, 2006

sony uses music business accounting

old-school music industry accounting meets new-school technology in the courtroom:

Allmans, Cheap Trick sue Sony [, 2006.04.27]

The class-action lawsuit claims that the artists’ contracts require Sony to pay its artists about 30 cents out of every 70 cents it gets for digital downloads–out of a total of 99 cents that iTunes charges per song. But the complaint maintains that Sony is only paying artists 4.5 cents for each song.

posted by roj at 12:34 am