You’d think that the Dutch collecting society for composers and music publishers Buma/Stemra would actually distribute the money they collect to pay musicians. Well, they don’t. Instead they ‘burned‘ 14 milion euro during the stock exchange market crisis of the past few months and at the same time bought themselves office chairs worth 2.350,50 Euro per piece. Nice.
The whole smells awfully disgusting knowing they had plans to start charging bloggers for embedding YouTube videos, whatever the number of plays, whatever the length of the videos. They had to pull back quickly after bloggers worldwide protested against it. Now we know why they desperately needed so much money and now we also know that they are actually acting like a bank, playing with other people’s money instead of just taking a cut out of it. Nasty business…
October 12th, 2009 at 7:17 pm
Are you basing that 14 million euros on a dream you had last night or on a source that you could link to?
(Dutch article is ok also)
October 12th, 2009 at 7:45 pm
We added a link. Have fun!