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US, February 5, 2008 - The rather loathed RIAA, most recently infamous for pressuring Congress to pass the PRO-IP Act, has now turned its unwanted attention upon the very people the group ostensibly exists to protect. According to The Hollywood Reporter, The RIAA is now pressing to lower the royalty payments made to musicians and artists for music tracks sold via digital distribution. Though the actual artists who make the music are presently entitled to just 13% of wholesale, the RIAA thinks they should receive only 9%.
Originally posted by FredT
This is the last gasp of a corrupt industry who unable to stay in step with the times and the MEDIUM (CD's / Digital) that they forced down our throats as a profit scheme.