Jazz Legends Sue UMG For Withholding Royalties
February 15, 2008 at 2:53 PM (PT)
The estates of jazz legends BENNY GOODMAN, "COUNT" BASIE and SARAH VAUGHAN, among others are suing the UNIVERSAL MUSIC GROUP for withholding royalties for the past decade, reports BLOOMBERG. Their suit asserts that UMG "realized an overwhelming windfall to both its finances and reputation" from the plaintiffs' recordings, yet didn't properly compensate them or their estates.
Among the areas UMG is alleged to short-change these artists are revenue from record clubs and legal settlements with LIMEWIRE and NAPSTER. They're seeking $6.1 million, plus interest and unspecified punitive damages.
"We believe that the claims are baseless, and we are confident that we will prevail in court," UMG spokesman PETER LOFRUMENTO said in an e-mail statement.