Record labels won't share Pirate Bay winnings with artists; they're keeping it for record companies

The record labels that successfully sued The Pirate Bay for millions on the grounds that the network had infringed upon artists' copyrights have announced that it will not share any of the money it receives from the suit with those artists. Instead, the money will be used to bankroll more "enforcement" -- that is, salaries and fees for people who work for the industry association. From TorrentFreak:

According to former Pirate Bay spokesman Peter Sunde, one of the people convicted in the case, this shows who the real “thieves” are.

“Regarding the issue that they’ve already divvied up the loot, it’s always fun to see that they call it ‘recovered money’ (i.e. money they’ve lost) but that they’re not going to give the artists in question any of it,” Sunde told TorrentFreak.

“They say that people who download give money to thieves – but if someone actually ends up paying (in this case: three individuals) then it’s been paid for. So who’s the thief when they don’t give the money to the artists?”

According to Sunde the news doesn’t come as a surprise.

“As far as I know, no money ever won in a lawsuit by IFPI or the RIAA has even gone to any actual artist,” Sunde says. “It’s more likely the money will be spent on cocaine than the artists that they’re ‘defending’.”

Music Labels Won’t Share Pirate Bay Loot With Artists

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