Connect with us

Business

Universal Music Faces Federal Lawsuit For Recordings Lost In 2008 Fire

LOS ANGELES SENTINEL — Representatives of several artists who lost master recordings in a 2008 fire at Universal Studios have filed a class action lawsuit seeking at least $100 million in damages, according to multiple media reports.

Published

on

By City News Service

Representatives of several artists who lost master recordings in a 2008 fire at Universal Studios have filed a class action lawsuit seeking at least $100 million in damages, according to multiple media reports.

The rock bands Soundgarden and Hole, country-rock singer-songwriter Steve Earle and the estates of rapper Tupac Shakur and rocker Tom Petty are among those suing Universal Music Group over the fire in its Los Angeles vaults that allegedly destroyed master recordings made by those and other artists.

It is the first legal action taken since a June 11 New York Times Magazine article noted that a fire on June 1, 2008 destroyed thousands of archived recordings dating back to the 1940s and including such iconic artists as Louis Armstrong, Ella Fitzgerald, Bing Crosby and Judy Garland and rock-era performers such as Chuck Berry, Ray Charles, Elton John, the Police, Nirvana and the Roots.

Both the article and the lawsuit allege neither the affected artists nor their representatives were informed of the losses.

The lawsuit, filed jointly Friday in U.S. Central District Court in Los Angeles by attorneys with three separate law firms, states Universal Music owes their clients, and others to be identified later, half of a confidential settlement Universal Music Group negotiated with its sister company, Universal Studios, to compensate for the losses, estimated in the court papers to be at least $150 million, the Los Angeles Times reported.

According to the lawsuit, the artists are also entitled to a share of an insurance settlement Universal Music received for the fire losses. It also accuses Universal Music of breaching its contracts with artists by failing to properly protect the master recordings, which yield higher quality reproductions.

“UMG concealed its massive recovery from plaintiffs, apparently hoping it could keep it all to itself by burying the truth in sealed court filings and a confidential settlement agreement,” the lawsuit alleges. “Most importantly, UMG did not share any of its recovery with plaintiffs, the artists whose life works were destroyed in the fire — even though, by the terms of their recording contracts, plaintiffs are entitled to 50% of those proceeds and payments.”

Officials with Universal Music have declined to comment on the lawsuit, but have previously said the losses were minimal and promised “transparency” about the fire and the resulting damage. UMG representatives have also criticized the New York Times article, saying it was riddled with “numerous inaccuracies, misleading statements, contradictions and fundamental misunderstandings of the scope of the incident and affected assets.”

Universal Music is the largest record company in the world. It is owned by Vivendi, the French media conglomerate, which reportedly has been looking to sell up to 50 percent of the company.

This article originally appeared in the Los Angeles Sentinel

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Activism

Oakland Post: Week of November 13 – 19, 2024

The printed Weekly Edition of the Oakland Post: Week of November 13 – 19, 2024

Published

on

To enlarge your view of this issue, use the slider, magnifying glass icon or full page icon in the lower right corner of the browser window.

Continue Reading

Activism

LIVE! — TOWN HALL ON RACISM AND ITS IMPACT — THURS. 11.14.24 5PM PST

Join us for a LIVE Virtual Town Hall on the Impact of Racism hosted by Post News Group Journalist Carla Thomas and featuring Oakland, CA NAACP President Cynthia Adams & other Special Guests.
Thursday, November 14, 2024, 5 p.m. – 6:30 p.m. PST

Published

on

Join us for a LIVE Virtual Town Hall on the Impact of Racism hosted by Post News Group Journalist Carla Thomas and featuring Oakland, CA NAACP President Cynthia Adams & other Special Guests.
Thursday, November 14, 2024
5 p.m. – 6:30 p.m. PST

Discussion Topics:
• Since the pandemic, what battles have the NAACP fought nationally, and how have they impacted us locally?
• What trends are you seeing concerning Racism? Is it more covert or overt?
• What are the top 5 issues resulting from racism in our communities?
• How do racial and other types of discrimination impact local communities?
• What are the most effective ways our community can combat racism and hate?

Your questions and comments will be shared LIVE with the moderators and viewers during the broadcast.

STREAMED LIVE!
FACEBOOK: facebook.com/PostNewsGroup
YOUTUBE: youtube.com/blackpressusatv
X: twitter.com/blackpressusa

Continue Reading

Activism

Oakland Post: Week of November 6 – 12, 2024

The printed Weekly Edition of the Oakland Post: Week of November 6 – 12, 2024

Published

on

To enlarge your view of this issue, use the slider, magnifying glass icon or full page icon in the lower right corner of the browser window.

Continue Reading

Subscribe to receive news and updates from the Oakland Post

* indicates required

CHECK OUT THE LATEST ISSUE OF THE OAKLAND POST

ADVERTISEMENT

WORK FROM HOME

Home-based business with potential monthly income of $10K+ per month. A proven training system and website provided to maximize business effectiveness. Perfect job to earn side and primary income. Contact Lynne for more details: Lynne4npusa@gmail.com 800-334-0540

Facebook

Trending

Copyright ©2021 Post News Group, Inc. All Rights Reserved.