F.B.T. Productions, the company that originally signed Eminem filed a lawsuit against Universal Music Group that may help artists get more money from digital sales.
Em’s original contract stated that individual songs sold online would count as a license rather than a sale.
A license would pay the artist 50 percent of the song while a sale would only relinquish 12 percent, which is what the Detroit rapper was being paid.
The Supreme Court ruled against the appeal filed by UMG since they lost the case last year and now what is estimated to be around a $20 million value in unpaid royalties shall increase to somewhere around $50 million within the next decade.
So what does this mean? It affects the artists that had contracts way before digital sales existed.
The language in that paperwork may only be granting some singers, rappers and musicians a sale royalty rate instead of a licensing one that would increase their income.
There are heavily downloaded songs that labels are benefiting from in today’s declining record industry.
UMG most likely set off a warning for majors to take action before artists catch wind. Stay tuned.
Foxy Brown recently performed at Tom Joyner’s, “Fantastic Voyage
,” cruise. She looks a lot better than she did during her last NYC show
. But she did end up being kicked off the cruise for an outburst at a nail salon
on the boat.
Harlem emcee Vado is reportedly joining the Interscope Records roster.
Cam’ron told Angie Martinez of Hot 97 FM that his protege signed the deal recently.
“Shout out to DJ and Jimmy Iovine at Interscope; we appreciate that. I’m really excited that he’s getting the opportunity to do his thing on his own,” said Killa.
Vado’s Slime Flu album got him major recognition last year and being cosigned by Cam’ron as the new voice of Lenox Avenue has solidified his New York presence.
The Harlemite supposedly turned down the XXL Magazine Freshman cover but it hasn’t slowed down his buzz as his Gunz ‘N’ Butta CD with Cam’ron is due in stores on April 12th on E1 Entertainment.