California Bill To Require Labels To Accurately Account Royalties Passed In Senate

(CelebrityAccess MediaWire) A California bill to require labels to accurately account royalty advances was passed by a full Senate by a vote of 22-15 and now goes to the Assembly. SB 1034 was introduced by Senator Kevin Murray (D-Los Angeles).

”This bill addresses the core issue that has allowed record companies to under-report royalty earnings with any penalty,” said Murray. “Under the current structure, there is no disincentive for record companies to provide their artists with an accurate accounting of their royalties. Therefore, companies are rewarded for their bad behavior. This bill will give artists the assurance they deserve – that record companies must accurately report royalties to them or face penalties.”

SB 1034 has received widespread support from the American Federation of Television and Radio Artists, AFL-CIO; American Federation of Musicians, AFL-CIO; California Labor Federation, AFL-CIO; Department of Professional Employees, AFL-CIO; Music Managers Forum; Recording Artists’ Coalition; Screen Actors Guild; Artist Empowerment Coalition; and countless artists, managers and attorneys. – Jane Cohen and Bob Grossweiner

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