Controversies Faced By Record Companies

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Record companies usually feel like they’re the true victims. They are insulted that after making multi-million dollar investments in artists, few of whom actually pay off, that they are then held hostage by the successful ones. They claim they are forced to pay large advances to artists who make millions, yet complain that they are being badly mistreated. They further complain that artists should be helping fight the real enemy of digital piracy, instead of accusing record companies to be thieves. When angrily faced by the statements that someone has done something bad from people who carefully check business records that all royalty statements under reported royalties due to the artists, representatives from all five major record groups …show more content…

The RIAA had been found out, and the change was removed from the final bill. In these cases, artists' interests were not just ignored; the people who were thought to be protecting artists destroyed them. These late night attempts at thievery have added to the suspicion and harmful, angry behaviors in the artist/record company relationship, and have created artists rights groups like the Recording Artists supporting group and has a started a fire in the artists unions such as the American Federation of Television and Radio Artists (AFTRA) and the American Federation of People, who make money from playing music (AFM). This all must be read in the big picture of a serious problem in the recording industry. Sales are down and piracy is forever happening with many of the most popular songs and collections of songbooks for inserting pictures available over the Internet for free. Artists and record companies need each other, the artists need the record companies to invest in and market their music. The fantasy of a direct relationship with the fan/consumer using technology and the Internet is just that, a fantasy. Record companies obviously need the artists to make music and also to be their friends in fighting piracy and the different fights with the high tech industry as evidence by the fight over royalties for streaming music …show more content…

They are obviously experts at communicating. The companies need artists to help them communicate with fans and customers to decide and figure out what the best business models and formats are to deal with current and future related to computers and science changes. Aside from the good qualities of the different issues, which will be discussed here, one of the most significant issues from the artist way of seeing things that are important is trust. The RIAA have become experts at the late night change and at managing the law-based process to their benefit. Usually, in a common and regular way this is carefully thought about and believed to be a good