"Despite collecting an estimated several hundred million dollars in P2P related settlements from the likes of Napster, KaZaA and Bolt, prominent artistsí managers are complaining that so far, they havenít received any compensation from the labels. According to a lawyer, some are considering legal action."
"When EMI, Universal Music and Warner music reached settlement agreements with the likes of Napster, KaZaA and Bolt, they collected hundreds of millions of dollars in compensation - money that was supposed to go to artists whose rights had been allegedly infringed upon when the networks were operating with unlicensed music.
Now, according to an article, the managers of some major artists are getting very impatient, as it appears the very people who were supposed to be compensated - the artists - havenít received anything from the massive settlements. They say the cash - estimated to be as much as $400m - hasnít filtered through to their clients and understandably theyíre getting very impatient."
Source: Full Article @ TorrentFreak