Wednesday, January 15

Tag: royalties

Universal Music Doubles Down on Limp Bizkit Suit Dismissal Push, Says the ‘Agreements Expressly Allow the Cross-Account Recoupments’

Universal Music Doubles Down on Limp Bizkit Suit Dismissal Push, Says the ‘Agreements Expressly Allow the Cross-Account Recoupments’

Entertainment
Universal Music Group is strongly doubling down on a push to dismiss a royalties-related suit submitted by Limp Bizkit. Image Credit: UMGAbout one month after shooting back versus Limp Bizkit's huge unpaid-royalties and violation fit, Universal Music Group is strongly doubling down on its termination arguments. The significant made its most recent push to have the case tossed through a reply in assistance of a late November termination movement. Limp Bizkit and frontman Fred Durst imposed the preliminary action, declaring north of $200 million in prospective damages, back in October.Without reworking the case's diverse specifics-- we've currently covered those details along with UMG's counterarguments in information-- the complainants state the significant kept large royalty payments under...
Now Targeting ‘Hyperlocal Markets,’ African Streaming Service Mdundo Forecasts Over $1 Million in 2025 Royalty Payouts

Now Targeting ‘Hyperlocal Markets,’ African Streaming Service Mdundo Forecasts Over $1 Million in 2025 Royalty Payouts

Entertainment
Picture Credit: MdundoNow with about 36 million regular monthly active users to its credit, African streaming service Mdundo states it's on track to pay north of $1 million in royalties throughout 2025.Nairobi-headquartered Mdundo divulged that artist-compensation projection in a quick release. We last signed in on the platform in February, when higher-ups were promoting a monthly-user turning point of over 30 million.Versus the background of an industry-wide concentrate on progressively profitable emerging markets, the figure has actually obviously accomplished double-digit development in the interim. The user (and customer) growth is likewise driving earnings at Mdundo, which, factoring at today DKK-USD currency exchange rate, reported creating $295,827 in 2021, $1.04 million in 2022,...
Breaking: Federal Judge Pauses Spotify’s Push for Kobalt Damages as Eminem Litigation Fallout Continues

Breaking: Federal Judge Pauses Spotify’s Push for Kobalt Damages as Eminem Litigation Fallout Continues

Entertainment
A federal judge has actually given an appeal demand from Kobalt as it deals with a push from Spotify to foot a huge damages expense. Image Credit: Wesley TingeyWith Spotify having actually scored a success in a marathon royalties fight versus Eminem publisher Eight Mile Style, the administering judge has actually momentarily rejected the streaming giant's movement for an enormous damages payment from Kobalt.Judge Aleta A. Trauger signed the matching order today, following a filing in which Kobalt prompted the court to reassess its underlying judgement or, additionally, stop briefly the damages expense pending appeal. DMN got special copies of both legal files, which have actually gotten here over half a years after Eight Mile imposed the preliminary problem.For some fast background-- th...