accounting for the music industry

The California Senate's Judiciary Committee heard testimony from singers and entertainment attorneys today. Are the largest recording companies underpaying royalties to musical artists? Or, is the hearing part of power negotiations on the behalf of performers who want to have the terms of their contracts changed? Is the situation of Sam Moore a typical one:

Among those testifying, singer Sam Moore, formerly of Sam and Dave, recalled learning in his 50s that his retirement fund would be $67 a month because his record label never reported income to his pension fund.

In light of accounting irregularities being discovered throughout other parts of corporate America, it's a timely issue worth looking into, regardless of how it's characterized.