Music Labels Won’t Share Pirate Bay Loot With Artists
Found on TorrentFreak on Sunday, 29 July 2012
The court awarded the damages to compensate artists and rightsholders for their losses. However, it now turns out that artists won’t see a penny of the money, as the labels have allocated it to IFPI to fund new anti-piracy campaigns.
The RIAA previously told TorrentFreak that the ‘damages’ accrued from piracy-related lawsuits will not go to any of the artists, but towards funding more anti-piracy campaigns. “Any funds recouped are re-invested into our ongoing education and anti-piracy programs,” we heard.
For the artists, wasn't it something like that? If the artists don't see a single cent from those damages, it would be a good idea to drop those lawsuits completely since obviously those who are said to be harmed get nothing anyway. When the money is only used to make more money which in turn fuels the same fire again, let's just get rid of the problem by making filesharing completely legal. There's no reason to feed the industry that evolved around those lawsuits which don't help anybody at all.