Saturday, March 07, 2009

Should Music Contracts Reflect Today's World or Yesterday's? Part 2

No sooner had we posted our copy yesterday than the jury has ruled in favor of Universal Music Group in the label's court battle against Eminem's former publishing company FBT. This means that the royalty rates will stay as they are.

A verdict for the producers could have brought millions of dollars for artists whose contracts with record labels pre-date digital download sites and mobile phone ringtones. It also has probably strengthened the resolution of artists, such as The Beatles, who have todate refused to sell their recordings on iTunes, because they receive so little of the proceeds.

No comments: