Copyright Law Could Put Music in the Hands of the Artists
Copyright Law Could Put Music in the Hands of the Artists: MyFoxMEMPHIS.com Memphis, Tn - The Rolling Stones, Jimi Hendrix and The Eagles are among the legendary artists who decades ago managed to beat the musical adage, "it's a long way to the top if you want to rock n' roll." But, even though their longevity is well established in millions of records sold, a revised copyright law could give them and thousands of lesser musical acts a new bonanza. A legal right to reclaim personal ownership of their recordings, a provision, initially applying to master recordings dating back 1978, which could spell disaster for terrified major record labels. "1978 particularly was an important year because the Top 20, either Billboard or Cashbox, was so full of multi, multi million, one would say, platinum selling L.P's," recalled Memphis Business Attorney and CPA Bruce Newman. The provision, revised in the mid-70s, grants musicians termination rights to allow to...
