Ivan, I have no idea what the Celtic Music contracts say, as I've never seen one. However, there are laws which regulate the payment of royalties after the rights have been sold. In other words, once the Leader/Trailer catalogs were sold, the artists' rights went to the new owner, and didn't revert to the artists, as they would in a more perfect music business world in capitalist societies.

I'm also willing to stick my neck out and make a WAG that most of the people shooting off their mouths about this subject have never seen a Celtic Music contract, or have any idea how business law works in this area either. Of course, that hasn't stopped them from spreading lots of moralistic opinions and misinformation as facts.