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RIAA Wants Artist Royalties Lowered 399

laughingcoyote writes "The RIAA has asked the panel of federal government Copyright Royalty Judges to lower royalties paid to publishers and songwriters. They're specifically after digital recordings, and uses like cell phone ringtones. They say that the rates (which were placed in 1981) don't apply the same way to new technologies." From the article: "According to The Hollywood Reporter, the RIAA maintains that in the modern period when piracy began devastating the record industry profits to publishers from sales of ringtones and other 'innovative services' grew dramatically. Record industry executives believe this to be cause to advocate reducing the royalties paid to the artists who wrote the original music."

How many Bavarian Illuminati does it take to screw in a lightbulb? Three: one to screw it in, and one to confuse the issue.