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IFPI Won't Share Pirate Bay Damages With Musicians 177

An anonymous reader tips this news from TorrentFreak: Earlier this year the sentences against the Pirate Bay defendants were made final. Aside from prison sentences, they will have to pay damages to the entertainment industries, including €550,000 to several major music labels. The court awarded the damages to compensate artists and rightsholders for their losses. However, it now turns out that artists won’t see a penny of the money, as the labels have allocated it to IFPI to fund new anti-piracy campaigns. ...While it may come as no surprise that the music industry has a hard time getting money from The Pirate Bay defendants, what comes next may raise a few eyebrows. 'There is an agreement that any recovered funds will be paid to IFPI Sweden and IFPI London for use in future anti-piracy activities,' IFPI writes. In other words, the money that the Court awarded to compensate artists and rightsholders for their losses is not going to the artists at all."

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