Fred Durst Sues UMG For $200 Million in Unpaid Royalties

[Artificial Intelligence]

How does it work then, because this makes no sense.



"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."

It cost them 0 dollars to make produce market shoot videos interviews promo.. flying these dudes around the world… studio time? I know what you meant but it looked funny

 

[Artificial Intelligence]

Durst is a legend to cacs.. pay him his due. The numbers ain’t adding up..

 

[5n0man]

It cost them 0 dollars to make produce market shoot videos interviews promo.. flying these dudes around the world… studio time? I know what you meant but it looked funny

That's all outlined in the suit

UMG spent a total of $48 million on all of that during the course of their career.

43 million albums sold, at the cost of $48 mil, it can't be possible that UMG lost money on this band.

 

[Tommy Gibbs]

And today, artists are still signing fukked up deals getting screwed after we've seen what happened to the stars of the past.

 

[Artificial Intelligence]

That's all outlined in the suit

UMG spent a total of $48 million on all of that during the course of their career.

43 million albums sold, at the cost of $48 mil, it can't be possible that UMG lost money on this band.

That’s all they spent …. Ok I got you. I thought it would be more due to the massive success they had.. but if they only spend 48 mill and sold that many albums.. where the fukk is the money?

 

[Artificial Intelligence]

And today, artists are still signing fukked up deals getting screwed after we've seen what happened to the stars of the past.

He’ll be aight

 

[In The Zone '98]

Record Labels are the street nikkas rappers pretend to be

 

[MicIsGod]

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

And that’s just record sales. Not even the pub/royalties. Mfs made at least a billion.

 

[Buckeye Fever]

Get paid, king

 

[Buckeye Fever]

Record Labels are the street nikkas rappers pretend to be

One of the most accurate statements I have heard. Too damn true

 

[jensyao]

wasn't limp bizkit just an euphemism for erectile disfunction? the fukk was their name?

 

[maxamusa]

wasn't limp bizkit just an euphemism for erectile disfunction? the fukk was their name?

 

[Cheese McNair]

Hold on he was signed to UMG all these years? So when Limp Biscuit signed to Cash Money, they basically just got moved to a different department? Cash Money is under UMG

 

[Alvin]

y'all forgetting the rolling stones and beatles had issues with labels/managers during their respective eras

 

[maxamusa]

man I miss TRL.......



pay Fred durst