EMI Sues Cash Money Records A Second Time For Non Payment Of Royalties

 

Birdman and Slim are having to deal with yet another lawsuit involving non payment of royalties. This one involves music giant EMI.

 

EMI alleges they are owed nearly $500,000 from the label that is home to Lil Wayne, Nicki Minaj and Drake. This lawsuit stems from a previous one in 2009, when EMI sued Cash Money for copyright infringement. The suit was settled and a payment plan was put in place to compensate EMI for songs that Cash Money Records' artists illegally sampled.

 

EMI is now suing again, alleging the payments from Cash Money have stopped according to Courthouse News.

 

"Because Defendant has ignored numerous communications from EMI regarding Defendant's contractual obligations, EMI once more is being forced to commence a lawsuit against Defendant to recover royalty payments," the complaint states.
According to the parties' agreement, EMI is entitled to a multiplier penalty of 1.25, which means Cash Money owes more than $491,000 in damages.
 "The sales of Defendant's products have far exceeded the payments that EMI has received," the complaint states. "Once EMI realized that Defendant owed more money under the Second Payment it notified Defendant and explained that due to the increased sales, EMI was entitled to additional compensation."

 

 "It is clear from Defendant's conduct that it has no intention of honoring the Agreement."

     

EMI is represented by Richard Roth of New York City.

 

 

Follow Me

Join Our Facebook Fan Page Check Us Out On MySpace Follow Us On Twitter Follow Me On Youtube

Views: 17585

Comment

You need to be a member of ThisIs50.com to add comments!

Join ThisIs50.com

Comment by REZA on March 18, 2012 at 1:39am
IN THE LABB BLOWIN UP A STORM MAN!!!! WORKIN ON NEW MATERIAL!!!
Comment by ANTHONY HURT on March 17, 2012 at 11:35pm
HEY LOOK AT BERRY GORDY.HIS INPRINT DID THE SAME,ILL KEEP THESE CHIPS,KNOWING THEY GONE SUE.MEAN TIME IM FLOSSING ON THE INTREST AND INESTMENT .BOUT TIME WE GET TO COURT THE MONEY HAS TRIPLED,SO SURE ILL PAY WHAT I OWN NOW THAT IVE MADE A PROFIT.....CLASSIC BIZNESS
Comment by Instant Classic Productionz on March 17, 2012 at 11:32pm
I don't know, but i'm beginning to think everything is rented.
Comment by phucker jenkins on March 17, 2012 at 11:14pm
Dumb a** n**** didn't realize you still have to pay royalties even if you're buying your own records!!!
Comment by des50shhh on March 17, 2012 at 11:01pm
Baby tryna have it all
http://www.youtube.com/watch?v=jQyDGuX5Glk&feature=plcp&context=C4290b74VDvjVQa1PpcFOjosQpsGdBuNcHmu9veCXvgcB0jb9fwcM=
Comment by YK on March 17, 2012 at 10:44pm
same n*****, same story
Comment by SonGetWrec on March 17, 2012 at 8:34pm
LMAO!! i hope cash money NEVER pays 'em. fuc the industry.
Comment by G-Unit_Soldier_420 on March 17, 2012 at 8:31pm
cash money for bankrupt
Comment by killa kyle on March 17, 2012 at 8:12pm
It will never hold up in court. Increased sales have nothing to do with a past contract. New York needs to lay off cash money. Thats pocket change for them but they're not about to get punk'd. The only company that increased sales should matter to is Universal. EMI came after the wrong people.
Comment by The Broom on March 17, 2012 at 8:02pm
Rome is burning.



Members

 


Example Searches:
music, girls, Bentley

Latest Activity

Versa commented on Besir Esati's blog post Check Out The First Week Sales For Drake's 'More Life'
"jay scared coz this canuk is coming after his throne"
34 minutes ago
Rap News Daily posted blog posts
54 minutes ago
Daphenous Reid commented on ChasinDatPaper's blog post TK Kirkland On Kanye West's Problems: "Any Time You Date A Woman That Has F*cked So Many Men You'll Break" (Video)
"What about LAVAR BALL"
1 hour ago
Derek Lemire posted blog posts
3 hours ago
Magassia Promotions posted blog posts
3 hours ago
Dirty South commented on ChasinDatPaper's blog post TK Kirkland On Kanye West's Problems: "Any Time You Date A Woman That Has F*cked So Many Men You'll Break" (Video)
"This was stupid. What kind hair salon gossip a** b******* interview us this? Lol Kanye and Kim have been married for years now and still doing their thing. Meanehile, people with nothing and nobody still talk about their relaionship. Millions of…"
4 hours ago
Big_FRED_420 commented on ChasinDatPaper's blog post Migos Perform 'T-Shirt' On The Tonight Show Starring Jimmy Fallon (Video)
"Yup Takeoff is the one, not the 2 or the 3.. Just mo lyrical my opinion"
4 hours ago
Big_FRED_420 commented on ChasinDatPaper's blog post Rico Recklezz Says 22 Savage Is More Thorough Than 21 Savage, Talks Social Media Getting People Killed, Instagram Being For Hoes, No Snitching (Video)
"Ol greasy shinny oily lookin a** n****, sittin up there just lyin.. Haha"
4 hours ago

© 2017   Created by 50 Cent.   Powered by

Badges  |  Report an Issue  |  Privacy Policy  |  Terms of Service

© 2012   Created by 50 Cent.   Powered by .

Badges  |  Help  |  Terms of Service | Privacy Policy