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...
Universal Music To Shed Publishing Assets To Gain Regulatory Approval
In order to gain regulatory approval for its purchase of BMG Music Publishing, Universal Music has offered to dump the Zomba Music Group catalog. Zomba which owns hit songs by Britney Spears, ‘N Sync and the Backsteet Boys would be set on the auction block, as well as other publishing assets. The European Commission, which regulates competition in the 27-nation European Union, will soon send questionnaires to gauge rivals’...
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