this post was submitted on 13 Oct 2024
41 points (91.8% liked)

Music

3853 readers
4 users here now

A community to share the music worth sharing.

founded 5 years ago
MODERATORS
 

Never thought I'd have reason to say this, but I'm siding with Fred Durst and Limp Bizkit on this one!

"Three decades after it rose to prominence, the band and its founder, Fred Durst, alleges that Universal Music Group (UMG) owes more than $200m after fraudulently concealing royalties from the band."

https://www.theguardian.com/music/2024/oct/13/limp-bizkit-universal-music-group-lawsuit

#music #metal #rock #capitalism #FredDurst #LimpBizkit @music

top 12 comments
sorted by: hot top controversial new old
[–] ChronosTriggerWarning@lemmy.world 20 points 1 month ago (2 children)

With Kid Rock getting all this Republican attention and Limp Bizkit suddenly back in the news, are Korn and Smashmouth gonna cosponsor a save the whales initiative? Is P.O.D. gonna open a Planned Parenthood? Are the Kottonmouth Kings gonna open a soup kitchen?I'm so confused!

[–] RizzRustbolt@lemmy.world 4 points 4 weeks ago (1 children)

Kottonmouth Kings did open a soup kitchen.

Bump bumpbump. That's the sound of the soup that we're pouring in the trunk...?

[–] crawancon@lemm.ee 1 points 1 month ago

But will it djent?

[–] reagansrottencorpse@lemmy.ml 17 points 1 month ago

Basically the entire tone of the article after they introduce their "expert" that used to be an executive at UMG is that it's all a big mistake. I hope they don't settle and all the dirty laundry is set to dry in public.

[–] pomCountyIrregs@mstdn.social 4 points 4 weeks ago (1 children)

@ajsadauskas @music Imagine it’s 1987. Through the graces of one’s connected attorney (getting 10? 15? percent) one has a label deal. A suit comes by and says track 8 on the new album sounds good, let’s hire a hotshot production company/director and budget 300k for the video. It gets modest rotation on MTV and 100k more albums sell. $3 per unit profit, $1 per unit royalty. Label is +300k, Band is down 200k. Video costs are recoupable and is collected before the band gets a check.

[–] ajsadauskas@social.vivaldi.net 3 points 4 weeks ago* (last edited 4 weeks ago) (1 children)

@pomCountyIrregs @music Great explanation ☺️

And from the sounds of it, UMG has now just allegedly turned around and said: 'Whoopsies! Software bug! Trevor from IT forgot to install that last floppy disk!

'Sorry guys, we hadn't been tallying your YouTube/Spotify/whatever streams these past 20-odd years! Genuine mistake!'

[–] pomCountyIrregs@mstdn.social 2 points 4 weeks ago (1 children)

@ajsadauskas @music

One wonders at a software bug that affects one band owed nine figures from decades ago.

[–] ajsadauskas@social.vivaldi.net 1 points 4 weeks ago (2 children)

@pomCountyIrregs @music "Accidentally".

Just out of curiousity, has PCI ever been signed to a record label?

Do you see much in the way of royalties from the likes of Spotify or YouTube?

And do artists get much of a cut through Bandcamp?

[–] pomCountyIrregs@mstdn.social 1 points 4 weeks ago

@ajsadauskas @music

I think Bandcamp and Apple are fair for cuts of sales.

Spotify (ptui) won’t pay us–too few streams.

We’re less than obscure. We sell under 10 units, mostly from Bandcamp, and we get about three streams per day over our library. We’d need 3 per day per track for us to earn something under $3 from Spotify (ptui).

In our best year, about $10 from streamers.

[–] pomCountyIrregs@mstdn.social 1 points 4 weeks ago

@ajsadauskas @music No, no, no, not even close.

But I started in the 80s and had a close friend who did well as agent and then manager, so I learned a thing or two from a distance.

He passed away in 2019, so my limited access to inside dope is even more so.

I also read, when I was younger, biographies and memoirs from artists and suits, so that gave me a glimpse.

[–] geolaw@aus.social 1 points 4 weeks ago

@ajsadauskas @music Book by Rebecca Giblin and Cory Doctorow "Chokepoint Capitalism" https://chokepointcapitalism.com/