Fred Durst Sues UMG For $200 Million in Unpaid Royalties

[Rell84shots]

Pay them

 

[Hersh]

can't believe we got people siding with the labels .... umg will settle

 

[DaveyDave]

can't believe we got people siding with the labels .... umg will settle

They will probably settle in the end but the point is, the music industry has been this shady since it started.

 

[Artificial Intelligence]

can't believe we got people siding with the labels .... umg will settle

Maybe he has a shyt deal… we’re making judgments based on what the article states Hope he gets his money if owed

The software error part makes me think they owe him.

 

[LiveFromLondon]

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.

THE LABEL TAKES LIMP BISKITS
ROYALTIES TO RECOUP THE 46 MILLION
IN ADVANCE MONEY ...

THE LABEL DOESN'T TAKE THEIR OWN SHARE
TO RECOUP THE ADVANCE MONEY.
THAT WOULDN'T MAKE ANY SENSE

Thats grimey, why dont they just take from $9 they get

 

[Harry B]

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.

Tough luck .. still hasn’t recouped his advances

I wonder what they charge for internal services.

I bet a UMG owned company can charge another UMG owners company inflated prices. “Market research” 2m dollars (but conducted by a junior that makes 70k).

Internal pricing “transfer pricing” is wizardry

 

[Artificial Intelligence]

Thats grimey, why dont they just take from $9 they get

Why would they do that if a dummy artist will sign a contract saying otherwise…


In an artist an I ain’t ever signing shyt.

 

[flatlinerz]

Try listening to his lyrics now, it's so fukking cringe

 

[tinnyskillz]

Fred Durst to UMG: I thought I told you clowns before. It's my way or the highway

 

[LiveFromLondon]

Why would they do that if a dummy artist will sign a contract saying otherwise…


In an artist an I ain’t ever signing shyt.

Yeah but damn, they're already getting $9, dipping in to the artists $1 is grotesque greed on unimaginable levels.

 

[bourgeoisie tall freak]

Try listening to his lyrics now, it's so fukking cringe

i was surprised at so many fans in here lol. i get it if you were a dumb impressionable lil kid but as an adult they are and not with a K.

 

[Hersh]

I wonder what they charge for internal services.

I bet a UMG owned company can charge another UMG owners company inflated prices. “Market research” 2m dollars (but conducted by a junior that makes 70k).

Internal pricing “transfer pricing” is wizardry

exactly what it is .. they cook the books too... same shyt sport team owners do claiming they stay in the red.. owners just moving money from one pocket to another

 

[Art Barr]

Be a sellout and not get your paper breh.
Their legal was just as huff.
as their weak ass records.



Art Barr