royalties ...

["tony schinella" <radiotony@attbi.com>]

Well, it depends on the recording contract and the kind of lawyer you have
negotiating for you.
Most of the new bands probably have royalties and copyrights owned by the
label. But most of the [smarter] older bands, Aerosmith, Stones, own their
own songs and therefore would be collecting the royalty, not the record
labels. The joke was that every time you hear "Satisfaction" on the radio,
Mick and Keef get a dime, or whatever. Virgin doesn't get the royalty. Now,
a band like N'Sync, didn't get the royalties to their songs and later sued
because of the band recording contract they signed.

----- Original Message -----
From: "Garrett Wollman" <wollman@lcs.mit.edu>
To: "Aaron 'Bishop' Read" <aread@speakeasy.net>
Cc: <bri@bostonradio.org>
Sent: Saturday, January 04, 2003 9:46 PM
Subject: Re: Clear Channel ends streaming broadcasts ... please explain


> <<On Sat, 04 Jan 2003 21:12:36 -0500, "Aaron 'Bishop' Read"
<aread@speakeasy.net> said:
>
> > Not exactly, Garrett...in light of ASCAP and BMI finally "caving in"
>
> ASCAP and BMI are ultimately service organizations: they collect
> royalties on behalf of the songwriters and composers who are their
> members.[1]  They are not subject to the same sorts of business pressures
> as the major record labels are.  Remember, it's the record labels, and
> not the songwriters, who own the copyrights at issue here, and I don't
> see any sign of RIAA seeing sense in the near future.
>
> -GAWollman
>
> [1] This is particularly true of ASCAP which is governed by its
> members.
>