Check this, from BoingBoing:
Thursday, September 21, 2006
Ex-RIAA agency “can’t find” artists it owes money to, like Public Enemy
Fred von Lohmann sez,
SoundExchange (which is in charge of collecting and distributing royalties collected from satellite radio and webcasting) can’t seem to locate the artists to whom these royalties are to be paid. If the monies are not disbursed, SoundExchange gets to keep them. Apparently SoundExchange was worried about publishing the list for fear that “middlemen” would try to swipe a piece of the action for connecting artists with their royalties. (Did they ever think to reach out to the fans?)
They finally published a list of the artists they “can’t find.”
Check out all the major label artists they can’t find:
Cassandra Wilson (Blue Note)?
J. J. Cale (Mercury)?
Jane Siberry (Warner)?
Jeff Buckley (Columbia Records — they’re still putting out his stuff posthumously, with help from his mother!)?
Booker T & the MGs?!!!
Public Enemy? !!!!!!
SIOUXSIE & THE BANSHEES? !!!!!
So let me see if I have this straight. And in the process, let me see if I can avoid using the terms “OJ Simpson,” “Nicole’s real killer” and “golf course.”
You: Hey, Sam, here’s a huge-ass pot of money. We want you to go find the people it belongs to and give it to them.
Me: Okay. What if I can’t find them?
You: Then you get to keep it.
Me: Ah. I see.
You: So, did you get all that money to the right people?
Me: I tried, man. I tried. Couldn’t find a damned one of them.
You: Bummer. But hey, you did your best.
Me: Yeah, I did.
You: Nice yacht.
There’s an economics lesson in here somewhere, I think.