Friday, October 4
MusicDish Industry e-Journal Senator Kevin Murray, leading the initiative for artists' rights, claimed the that Cary Sherman, Chief Counsel for the RIAA himself, said to him in an interview, that RIAA members (the major labels) would sue any artist that broke ranks and shared information with the Committee. This claim was rejected by Sherman but supported by others in the room. Don Henley, among them, outwardly dared his record company to sue him for bringing royalty statements to the hearing. He presented his most recent royalty statement for "Hell Freezes Over," which showed the panel that even though his contract called for a no more than a 10% "reserve" on sales of records shipped, Universal Music had held back more than that for eleven pay periods (roughly under three years) and that, even though his contract calls for no free goods in Europe, they had deducted $87,000 in free goods charges to Europe.
