Tag Archives: Universal Music Group
Interscope denied taking part in any drug-related operations.
“The information being reported in the press regarding Interscope Records‘ involvement with the ongoing criminal prosecution of James Rosemond is both erroneous and completely unsupported.”
“Interscope Records has been informed by the United States Attorney’s Office for the Eastern District of New York that there is no evidence that any employee of UMG or Interscope Records had any involvement in the drug trafficking ring being prosecuted by that office, nor any knowledge of the contents of any of the packages that were purportedly shipped to its offices.”
The statement goes on to say,
“Further, neither UMG nor Interscope Record are a subject or target of the investigation. UMG and Interscope will continue to cooperate with the United States Attorney’s Office regarding this matter.”
Em’s original contract stated that individual songs sold online would count as a license rather than a sale.
The Supreme Court ruled against the appeal filed by UMG since they lost the case last year and now what is estimated to be around a $20 million value in unpaid royalties shall increase to somewhere around $50 million within the next decade.
So what does this mean? It affects the artists that had contracts way before digital sales existed.
The language in that paperwork may only be granting some singers, rappers and musicians a sale royalty rate instead of a licensing one that would increase their income.
There are heavily downloaded songs that labels are benefiting from in today’s declining record industry.
UMG most likely set off a warning for majors to take action before artists catch wind. Stay tuned.