Wednesday, April 10, 2024
HomeNews#EPIC FailCa$h Money Records sued again for unpaid royalties

Ca$h Money Records sued again for unpaid royalties

Cash Money Records made headlines over the weekend, but not for the best of reasons. Music Giant EMI has filed a lawsuit against Cash Money, claiming the label has failed to pay royalties, which total around $500,000.

Back in 2009 Cash Money agreed to pay a 1.25 multiplier penalty to EMI for sampling their songs on Cash Money records. However, EMI has had to sue the label again after they stopped paying its quarterly royalty payments.

EMI’s complaint against Cash Money states: “The sales of Defendant’s products have far exceeded the payments that EMI has received. 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.”

Source

Arlene Culpepper, Asst. Editor-in-Chief
Arlene Culpepper, Asst. Editor-in-Chiefhttp://www.mikodreamz.com
Vice-President & Asst. Editor-in-Chief of The Heat Magazine, Arlene is a Louisiana native, Certified Paralegal, Publicist, Owner of MIKODreamz PR, co-owner of 504Diffusion, writer, producer, and jack of all trades, who is heavily involved in her community as well as serving as Media Advisor for New Orleans Union for Entertainment (NOUE), Member of the NOLA Music Awards from 2012-present & Member of the Press Club of New Orleans. Her work is published across the web. Her PR work has been highly recognized & awarded. She was/is publicist for the late great BTY YoungN, 0017th and more. She is also working on her first novel & aspires to turn it into a film & is currently writing the authorized biography of the legendary Pimp C of UGK. She can be reached via email at Arlene@theheatmag.com. Follow her on Twitter - @CategorySeven & Instagram - @hurricanearlene.
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