he wanted money? I thought he did it all for the nookie?!
This song was clearly a binding verbal contract
Fred Durst Sues UMG For $200 Million in Unpaid Royalties
- Thread starter mson
- Start date
This song was clearly a binding verbal contract
Straight up jacked them boys, ain't no way I'm believing Limp Bizkit hasn't recouped as big as they were
Vic Damone. Jr
Don't support the phonies, support the real
Keep rollin 
rollin
rollin
rollin
rollin
rollin
rollin
rollin
rollin
itsyoung!!
Veteran
50 million at least probably
if im reading this correct, limp bizket has sold 46 million records (varying prices im sure) on top of doing ~800 million streams year (not sure what payout this would be, I cant imagine it'd be millions of dollars though)
UMG is saying they havnt recouped $43 million they spent on limp bizket
but even if they sold every record for $1 they'd have recouped
but lets be honest cds back then were $10-20 so really its probably closer to $500 million on top of leasing rights to movies, etc. UMG definitely cutting a check
MicIsGod
They like what that mean
Now could this start a domino? I imagine this is ALOT of people situation. They straight up lie about some people not recouping because we don’t know exactly how much those catalogues make. But we know it’s 10x what they disclose.
Their first 2 albums sold 23 millionUMG allegedly told Durst’s representatives that it had spent $43 million on Limp Bizkit’s music, which would have to be recovered before Durst was paid any royalties. UMG also allegedly told Durst’s team that Durst hadn’t received any royalty statements because UMG was “not required to provide them since his account was still so far from recoupment,” according to the complaint.
Tough luck .. still hasn’t recouped his advances
No way they should be in the red.
MicIsGod
They like what that mean
They made my way or the highway right? The stone Cole vs rock promo track? That alone probably is still feeding the label.
zayk35
Superstar
UMG's math ain't math-ing
Artificial Intelligence
Not Allen Iverson
Where did all the money go
The numbers don't add up. This band sold over 40 million albums total, at $15 a CD that's about $600 million in revenue. UMG claims they spent $48 million total on the band and haven't recouped their investment.
They made atleast a $552 million dollar profit, and still claiming the band owes?
They aren't even hiding the scam
Artificial Intelligence
Not Allen Iverson
Yeah it doesn’t work like that…
they are scamming.. but isn’t all profit from making and marketing and selling a cd (music)How does it work then, because this makes no sense.Yeah it doesn’t work like that…
"The complaint states that Durst never received royalties from UMG, despite Limp Bizkit having sold more than 45 million records since the band signed in the 1990s with California indie Flip Records, with distribution from UMG’s Interscope.
The complaint says that, so far this year, Limp Bizkit has amassed 450 million streams, and is on track for a total of more than 793 million by year’s end.
The complaint stated that Durst and his Limp Bizkit bandmates received advances on their albums, with UMG covering recording costs, and were to start receiving royalty payments once the costs were recouped, Bloomberg reported.
UMG allegedly told Durst’s representatives that it had spent $43 million on Limp Bizkit’s music, which would have to be recovered before Durst was paid any royalties. UMG also allegedly told Durst’s team that Durst hadn’t received any royalty statements because UMG was “not required to provide them since his account was still so far from recoupment,” according to the complaint."