Fred Durst Sues UMG For $200 Million in Unpaid Royalties

[HollywoodP]

#4080 strikes again.

 

[HollywoodP]

As I remember, usually you only recoup from your royalties. So if you’re only getting paid $1 per album sold then you have to pay back that $43 mil FIRST only coming from that royalty money THEN you can start receiving royalty checks. I think that’s how it works. Or used to.

Correctamundo. And I know you were probably just using $1 as an example...but I believe back then the industry standard back then was around 8-12 percent of the sale of the album especially for newer artists with no leverage.

I could see how they haven't recouped. With the advance for a whole band, marketing, music video budgets, distribution, etc. Alot of those contracts were designed to essentially be unrecoupable. It aint right but it aint uncommon either.

 

[Toe Jay Simpson]

NO BROTHER
THE LABELS RECEIVE THE MASS
MAJORITY OF THE MONEY FROM
RECORD SALES....

BUT THAT ADVANCE RECOUPMENT
COMES DIRECTLY FROM THE ARTISTS
PORTION OF THE RECORD SALES
SO IF THE ARTIST WAS GETTING
ONE DOLLAR PER SALE
THE LABEL HAS TO RECOUP
46 MILLION DOLLARS FROM
THAT ONE DOLLAR PER SALE
BEFORE THE ARTIST RECEIVES ROYALTIES.

ARTIST BEEN KNOWING THIS
WHICH IS WHY THEY ALWAYS SAID
THEY DONT MAKE MONEY FROM
RECORD SALES THEY MAKE MONEY
FROM TOURING.

YOU THINK DURST DIDNT
KNOW WHY HE NEVER RECIEVED
ANY ROYALTIES IN HIS WHOLE CAREER?
30 YEARS AFTER THE FACT...

STOP LETTING THESE PPL
PLAY YALL



​

This is on point

And to go even further, a dollar would have been a massive cut even in itself. Only a few artists were getting a dollar during their time on top like Mariah. The Indie guys faired better because instead of getting flat rates they were higher getting percentages but at the same time were doing way more work out of pocket

 

[African Peasant]

Music labels are scammers using fake accounting to blind people

 

[Ku$h Parker]

He’ll be aight

Vincent Vega didnt Die to be doin this

 

[T.H.E. Goat]

NO BROTHER
THE LABELS RECEIVE THE MASS
MAJORITY OF THE MONEY FROM
RECORD SALES....

BUT THAT ADVANCE RECOUPMENT
COMES DIRECTLY FROM THE ARTISTS
PORTION OF THE RECORD SALES
SO IF THE ARTIST WAS GETTING
ONE DOLLAR PER SALE
THE LABEL HAS TO RECOUP
46 MILLION DOLLARS FROM
THAT ONE DOLLAR PER SALE
BEFORE THE ARTIST RECEIVES ROYALTIES.

ARTIST BEEN KNOWING THIS
WHICH IS WHY THEY ALWAYS SAID
THEY DONT MAKE MONEY FROM
RECORD SALES THEY MAKE MONEY
FROM TOURING.

YOU THINK DURST DIDNT
KNOW WHY HE NEVER RECIEVED
ANY ROYALTIES IN HIS WHOLE CAREER?
30 YEARS AFTER THE FACT...

STOP LETTING THESE PPL
PLAY YALL



​

I understand all of that which is why it doesn't make sense for the label to say it's far from recoupment, because clearly Limp Bizkit wasn't seeing any money since they still owed from the advances that they got

Label making it seem like the band wasn't even bringing that much money any, or at least not enough to pay off the initial advances

 

[CHICAGO]

I understand all of that which is why it doesn't make sense for the label to say it's far from recoupment, because clearly Limp Bizkit wasn't seeing any money since they still owed from the advances that they got

Label making it seem like the band wasn't even bringing that much money any, or at least not enough to pay off the initial advances

IF LIMP BIZKIT STILL OWES
THE LABEL MILLIONS OF DOLLARS
IT IS FAR FROM RECOUPMENT
BECAUSE ITS GONNA TAKE YEARS
TO GENERATE THAT FROM LIMP BIZKITS
SMALL PORTION OF STREAM ROYALTIES



​

 

[itsyoung!!]

IF LIMP BIZKIT STILL OWES
THE LABEL MILLIONS OF DOLLARS
IT IS FAR FROM RECOUPMENT
BECAUSE ITS GONNA TAKE YEARS
TO GENERATE THAT FROM LIMP BIZKITS
SMALL PORTION OF STREAM ROYALTIES



​

NO BROTHER
THE LABELS RECEIVE THE MASS
MAJORITY OF THE MONEY FROM
RECORD SALES....

BUT THAT ADVANCE RECOUPMENT
COMES DIRECTLY FROM THE ARTISTS
PORTION OF THE RECORD SALES
SO IF THE ARTIST WAS GETTING
ONE DOLLAR PER SALE
THE LABEL HAS TO RECOUP
46 MILLION DOLLARS FROM
THAT ONE DOLLAR PER SALE
BEFORE THE ARTIST RECEIVES ROYALTIES.

ARTIST BEEN KNOWING THIS
WHICH IS WHY THEY ALWAYS SAID
THEY DONT MAKE MONEY FROM
RECORD SALES THEY MAKE MONEY
FROM TOURING.

YOU THINK DURST DIDNT
KNOW WHY HE NEVER RECIEVED
ANY ROYALTIES IN HIS WHOLE CAREER?
30 YEARS AFTER THE FACT...

STOP LETTING THESE PPL
PLAY YALL

even at $1 per album, the album sales exceed (46 million records sold) the money UMG spent ($43 million)....

 

[CHICAGO]

even at $1 per album, the album sales exceed (46 million records sold) the money UMG spent ($43 million)....

DURST IS THE ONLY ONE
WHO SAID 46 MILLION.

HES GOING TO HAVE TO PROVE
THAT NUMBER IN COURT.

THE FACT THAT HES TRYING
TO SUE FOR 200MS OVER
POTENTIALLY 3MS SAYS IT ALL


​

 

[Lord Beasley]

I hope he gets it too

 

[zayk35]

The same way I’ve heard about movie companies fukking around with the books. They sign an actor to get paid such such on the back end royalties but then they fiddle with the amounts and budgets and what got paid where etc and suddenly a huge blockbuster didn’t make enough money and there’s nothing left to pay royalties. Scamming muhfukkas

Yep I'm pretty familiar with Forrest Gump grossing almost 700 million, but the studio says they were in the red.

 

[Json]

This dude basically paying student loans

 

[Artificial Intelligence]

even at $1 per album, the album sales exceed (46 million records sold) the money UMG spent ($43 million)....

We don’t know how much he made per album… well have to see the real numbers.. and his contract..

 

[DaveyDave]

Correctamundo. And I know you were probably just using $1 as an example...but I believe back then the industry standard back then was around 8-12 percent of the sale of the album especially for newer artists with no leverage.

I could see how they haven't recouped. With the advance for a whole band, marketing, music video budgets, distribution, etc. Alot of those contracts were designed to essentially be unrecoupable. It aint right but it aint uncommon either.

Yeah I remember hearing even someone like Madonna was getting an amazing deal and she was getting $1.20 an album or something. Then there’s also the fact that you only get paid for 11 songs or something so if you put 18-24 songs on the cd like so many people did back then you weren’t even getting the royalties off that anyway. Sneaky b*stards the music industry.

 

[RennisDeynolds]

Limp Bizkit was huge. They recouped for damn sure