A bit long, but worth the time to read.
Courtney Love does the math
Last November, a Congressional aide named Mitch Glazier, with the support of the RIAA, added a “technical amendment†to a bill that defined recorded music as “works for hire†under the 1978 Copyright Act.
He did this after all the hearings on the bill were over. By the time artists found out about the change, it was too late. The bill was on its way to the White House for the president’s signature.
http://www.salon.com/2000/06/14/love_7/
This was a side of the the recording business that I didn’t know.
Thanks for bringing it to our attention.