22 Jun

Lawsuit Against UMB For Master Recordings

Universal Music Group is being sued by the estates of Tom Petty, Tupac, Soundgarden, Steve Earle and Hole.  Back in 2008 there was a huge fire that destroyed an estimated 500,000 master recordings by artists ranging from Nirvana to Billie Holiday.  They were held in a facility that UMG had rented from NBC and value the losses from the fire at $150 million.

According to the lawsuit its looking for:

“50% of any settlement proceeds and insurance payments received by UMG for the loss of the Master Recordings, and 50% of any remaining loss of value not compensated by such settlement proceeds and insurance payments.”

Mandatory Credit: Photo by Jim Smeal/BEI/Shutterstock (766815b)
Plume of black smoke rising from the back lot
Fire at Universal Film Studios, Hollywood, Los Angeles, America – 01 Jun 2008
Fire erupted early Sunday morning June 1, 2008

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13 Nov

Queen Goes to Universal

It’s been 40 years that Queen has been with EMI but now the have ended their relationship and moved over to Universal Music Group. Moving to Universal will bring remastered versions of all of Queens albums sometime next year.

Brian May of Queen says “We are very excited after all this time to be embarking on a new phase of our career.

Its seems that after the 2007 purchase of EMI by Terra Firma they have been losing big acts such as Radiohead, Rolling Stones and Paul McCartney.

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