Since the early 1900s, when music recording began, there has been a struggle on the cut of royalties between artists, right buyers and record labels. A great example of this is in 1981 when Tom Petty went head-to-head with MCA again in 1981 when the label pushed to sell his next album, “Hard Promises,” for $9.98 a piece which was full dollar more than the norm back then. Petty refused to release the record, stating that he wanted to keep costs down for his fans. He eventually won the battle but what a huge waste of time and energy. I am told till this day some artists still fall victim to a smaller cut of the royalties for their own work. Isn’t there a better way to make this all an easier process for both artist and right buyers?
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