TVT Records Tastes Its Own Medicine – Ordered To Pay $9.1 Million
Ah, Sweet Irony… After a grueling 11-day trial, a federal jury ruled that TVT Records did whatever it could to block Slip-N-Slide Records from releasing music by Miami based artist Pitbull, a TVT recording artist. TVT has been ordered to pay $9.1 million in punitive and compensatory damages. The irony is that TVT alledged that Island/Def Jam and Lyor Cohen did the exact same thing to TVT with Ja Rule. TVT originally accused...
Public Radio Stations Rally Against Online Royalty Rate Hike
Two of the largest public radio stations, NPR and KCRW, are rallying against a major streaming radio royalty rate increase, issued by the Copyright Royalty Board earlier this month. The updated rate structure, which replaces revenue-based percentage calculations with flat, per-play fees, is widely viewed as the Death Blow for small and midsize web radio stations. And larger webcasters will face incredibly elevated royalties, and...
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