Record companies don't share money extorted from file-sharing fans with artists

The record industry has sued over 20,000 music fans to "protect artists' copyrights." But they haven't turned over any of the money to artists (of course, they never forked over any of the money from my.mp3.com, Grokster, Napster, etc).

A contingent of prominent artist managers claims that little to none of that money has trickled down to their clients. They are now considering legal action.

"Artist managers and lawyers have been wondering for months when their artists will see money from the copyright settlements and how it will be accounted for," said lawyer John Branca, who has represented Korn, Don Henley, and The Rolling Stones, among others.

"Some of them are even talking about filing lawsuits if they don't get paid soon."

Link

(via /.)