Spitzer/EMI Announce Payola Settlement
State Attorney General Eliot Spitzer today announced a settlement with EMI Music North America (EMI) to end its pervasive “pay-for-play” aka Payola, practices in the music industry. EMI, which includes Virgin Records America, Capitol Records, EMI Christian Music Group and S Curve Records, is one of the four major record companies in America, and its parent, The EMI Group, is the third largest music label in the world....
Universal Agrees To $12 Million Dollar Payola Settlement
Universal Music Group (UMG) finalized a payola settlement with New York Attorney General Eliot Spitzer for $12 million. The settlement, part of a larger payola investigation by Spitzer, was over allegations that it engaged in pay-for-play radio arrangements (payola). The $12 million fine will be distributed to not-for-profit entities to fund music education and appreciation programs. UMG labels Island Def Jam, Interscope, Universal...
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