| MERGERS
AND AQUISITIONS Mackie Buys Acuma Labs Ltd. Mackie Designs Inc. announced the completion of the purchase of Victoria, BC-based Acuma Labs Ltd. According to executive VP of engineering Peter Watts, “Acuma provides focused digital technology resources to Mackie’s engineering group, enhancing our development of increasingly sophisticated professional audio products.” For more information, call 425/487-4333 or check out Mackie’s Web site at www.mackie.com. Universal
Audio Acquires Kind of Loud |
RIAA,
Artists Reach Agreement
The Recording Industry Association of America and representatives of the
Artists Coalition, AFM, AFTRA, AmSong, the Music Managers Forum and NARAS
announced that an agreement was reached on a legislative recommendation
to resolve the “work made for hire” copyright issue.
Last November, Congress reformed the Copyright Act to add sound recordings
to the roster of copyrighted works that can be considered as “works
made for hire.” However, concerns were raised about its effects soon
after.
“We said from the beginning we did not intend to change the law and
have worked diligently to assure that the issue of work for hire is resolved
without prejudice to anyone’s position,” says Hilary Rosen,
president and CEO of the RIAA.
“The book needs to be closed on this so we can get back to a united
industry on so many important challenges of the day. The resolution is
a good one.”
According to AFM president Steve Young, “The AFM and AFTRA were committed
to reversing this change in the law when we discovered it had passed.”
The recording industry and the coalition of artists plan to request that
Congress pass this legislative recommendation before the end of this congressional
session.
For more information, contact the RIAA at 202/775-0101, or visit www.riaa.com.
Back to Page 1; Go to Industry Notes
Reprinted with permission
from 
Magazine, October, 2000
© 2000, Intertec Publishing, A Primedia Company All Rights Reserved