Cheap Trick: Sony Skimps On Download Royalties

Law360, New York (May 1, 2006, 12:00 AM EDT) -- In a move that challenges how the music industry assesses royalties for musicians who signed contracts before the dawn of digital downloads, members of Cheap Trick and The Allman Brothers Band filed a lawsuit Friday claiming they were shortchanged by Sony BMG Music Entertainment Inc. to the tune of at least $25 million.

The two bands that initiated the suit may just be the opening act: they want to be declared class representatives for a group of aggrieved musicians that court papers say may be 2,500...
To view the full article, register now.

Law360 UK

UK Financial Services

Read Our Latest UK Legal News & Analysis

Financial Services Law360 UK and Insurance Law360 UK provide breaking news and in-depth analysis on U.K. and European Union regulation, enforcement, legislation, and litigation involving banks, investment firms, insurers, and more.