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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.
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Comment
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Comment by Big Reed1 on March 18, 2012 at 9:04pm -
Who's handling these guys business. They always got money for cars, but never the money to pay the bills. Birdman need to grow up and learn how business works, cause Suge Knight showed you how money works. Look at Diddy. Cash Money lacks integrity, and thats sad.
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Comment by R U G on March 18, 2012 at 3:58pm -
dem n***** like play wit ppl miney and wat bug me is dat every time dey get sue ppl seems 2 wrk sum ting out later and drop da suit
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Comment by Big Chris da Mac on March 18, 2012 at 1:50pm -
Man if a muthafucka can buy 8 million dollar cars, go on million dollar vacations, and can afford to buy cars and jewelry for these undeserving artists(Except Drake...he's fresh)then you can easily pay a 491,000 like its nothing.
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Comment by richard allan on March 18, 2012 at 11:27am -
who still listens to this labels albums anyway? straight trash for cross dressing poor people. horrible.
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Comment by Rollie on March 18, 2012 at 11:17am -
@ acha franklyn - That's NOT what it says. It says that they originally sued CMR and the courts ordered him to repay VIA a payment plan. Because Baby stopped paying on the payment plan they are hit him with penalties like it was a credit card. Dude didn't honor his part of the deal. He should sell some of that played out jewerly and pay it off.
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Comment by Kashane on March 18, 2012 at 6:12am -
If they don't owe you money why you mad?! Lmao dumb people are crazy.
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Comment by acha franklyn on March 18, 2012 at 5:54am
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it is good to be literate...what this is saying is that birdman has payed the royalties but due to increase in sale in the song/album EMI wants some more just cause someone sampled there song they are jealous greedy fool who hate black owned labels
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Comment by Timur on March 18, 2012 at 2:17am -
wtf you want from b****** who cant read? all label is dumb as hell!
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Comment by MASTER on March 18, 2012 at 1:46am -
Damn shame. Birdman be ballin with other peoples money... Calling it stuntin when it's really pimpin....
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Comment by Little Grimey on March 18, 2012 at 1:42am -
Thats What I Mean By YMCMB Dead Broke, They Aint Even Got Money To Pay For Records How They Goin Have Money For Themselves, G-Unit Was Ballin In Money Ever Since They First Came Out, Saw Buck, Banks, Game, 50, And Even Yayo As Soon As He Got Outta Jail Shinein Wit Ice, All YMCMB Got Money For Is Tattoo And Dresses To Look Like A Damn Circus
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