record companies suck (pt. 1,567,444,764)

A few choice tidbits from a recent MusicDish article on recent Senate committee hearings about the record industry:

“Even after an artist has gone through the audit and has found recoverable money, they are expected to negotiate a settlement with the record company. Furthermore, their auditors are required to meet with label executives BEFORE they can release findings to their clients.”

and the even more astounding:

“In a shocking statement made by Back Street Boy, Kevin Richardson, he testified that they have NEVER received a royalty check.”

And the record companies (and their bitches) say that sharing music hurts the artists. Yeah, right.