$101 million 'stuck to SoundExchange's fingers'
Found on P2P Net on Sunday, 22 March 2009
As of the end of 2007, SoundExchange had accumulated over $101 million in 'investments'.
On its website, SoundExchange describes itself as 'an independent, nonprofit performance rights organization that is designated by the U.S. Copyright Office to collect and distribute digital performance royalties for featured recording artists and sound recording copyright owners.'
By now, the answer should be obvious; SoundExchange can't find the people it's supposed to pay.
By now, everybody should have realized that the RIAA and it's zombies care about nothing but the money. The "Ripoff Independent Artists Association" has no reason to go and search for those "it collects the money for". So basically, it's their job to collect money for those poor poor artists; but it's not their job to find and give them the money. That's even worse than the "devilish" filesharing because sharers don't collect money in the name of artists without the intention of delivering it.