Tuesday, July 26, 2005

Sony Payola Settlement

Paul McGreal on the Corporate Compliance Prof Blog has an excellent post (here) on the settlement that Sony reached with the New York Attorney General's office regarding payola -- one of my all-time favorite made-up words.  In a practice as old as radio, Sony settled a claim that it made payments and gave other items of value to radio station employees to get songs by its artists on the air, or played during favorable times (i.e. not just the graveyard shift at the stations.  As Paul points out, "[T]he problem appears to be a serious breakdown in (or lack of) internal controls that assure compliance" with applicable rules prohibiting payola, including a federal statute making it a crime (47 U.S.C. ยง 508). (ph)

http://lawprofessors.typepad.com/whitecollarcrime_blog/2005/07/sony_payola_set.html

Civil Enforcement, Fraud | Permalink

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