p2pnet news view | RIAA News:- RIAA spin-doctor-in-chief Mitch ‘The Don’ Bainwol (right) is a liar.

It isn’t the first time he’s been called out, and it won’t be the last.

Lies, half-truths, dissemblance, mis- and disinformation and sophism are all standard tools used routinely by the RIAA, and this time, levelling the charge is well-known Nashville entertainment lawyer and p2pnet contributor Fred Wilhelms, the subject being the Performance Rights Act.

Earlier, “Half of the payments will go directly to the performers, by statute, regardless of any other contracts,” p2pnet had Bainwol saying unequivocally, quoted originally in Swan Fungus.

But, “Mitch Bainwol is flat out lying when he says that half the license revenue will go to artists “regardless of any other contracts,” says Fred in a Reader’s Write, going on »»»

The current language of the bill before Congress guarantees the 50% for artists only if the broadcaster agrees to the statutory license rates and do not attempt to negotiate a lower overall rate. If they negotiate a lower rate, ALL the money goes to the label and they get to pay the artist “according to their contracts.”

Do you think ClearChannel is not going to look to reduce it’s overall royalty obligation by negotiating a lower rate, say at 75% of the statutory rate?

Do you think the labels aren’t going to agree to that 75% rate when they get to keep almost all that money, rather than just the 50% of the full statutory rate?

“The only ones screwed by this arrangement are the artists. Billy Corgan has betrayed all artists by speaking up for this scam,” Fred adds.

Stay tuned.

isn’t the first time – RIAA boss Mitch Bainwol lies to congress, February 6, 2009
p2pnet – Smashing Pumpkins’ Billy Corgan joins the RIAA, March 18, 2009
Swan Fungus – The Great Pumpkin Goes To Congress, March 16, 2009

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This entry was posted on Wednesday, March 18th, 2009 at 1:21 pm and is filed under RIAA News. You can follow any responses to this entry through the RSS 2.0 feed. You can skip to the end and leave a response. Pinging is currently not allowed.

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