I AM TEAM DURST BEFORE & AFTER THIS ... LIMP BIZKIT's FRED DURST Sues UNIVERSAL MUSIC Over Unpaid Royalties

[MetalSludgeCEO]

How is this even remotely possible? WTF!

"""""""""'According to the documents, UMG allegedly told Durst's representatives that approximately $43 million still needs to be recouped in order for Durst to get any royalties."""""""""""""""

$43M?

Even if the label spent $1M on a year, promoting Limp Bizkit, making vidoes, advertising, recordings, tour support... the band has only been in existence for 30 years.

And there were many years, when the band was basically stalled and did nothing, no releases, no tours, no videos, etc...

The band have released 7 studio albums, 3 compilations, 1 live record, and 1 remix album!

On top of that, their first 3 studio albums sold 2M, 6M and 7M copies!

How can that label suggest the LB owes the label $43,000,000.00?

I hope he wins and they clean up!

----------------------------

LIMP BIZKIT's FRED DURST Sues UNIVERSAL MUSIC Over Unpaid Royalties

According to Billboard, LIMP BIZKIT frontman Fred Durst has filed a lawsuit against the band's record label Universal Music Group, claiming he is owed millions in unpaid royalties.

The lawsuit, which was filed in California federal court on Tuesday, accuses UMG of implementing a "systemic" and "fraudulent" policy that was "deliberately designed" to conceal royalties from artists and "keep those profits for itself." The lawsuit also seeks compensation for other artists who worked with UMG through Durst's Flawless Records.

Durst claims that he's never received any royalties from Universal throughout his career, despite the fact that the band has sold over 45 million records and its songs have accumulated more than 450 million streams on Spotify so far this year.

Durst and his bandmates are seeking $20 million in damages. However, they claim that the total amount owed to them by Universal could "easily surpass" $200 million.

According to the documents, UMG allegedly told Durst's representatives that approximately $43 million still needs to be recouped in order for Durst to get any royalties. Because of this, representatives for Durst were allegedly told that there would not be any royalties since UMG wasn't "required to provide them since his account was so far from recoupment." However, Durst's team says it found out that the band's original label, Flip Records, has earned millions from profit-sharing with Universal Music Group.

"Given the vast amounts of money collected by UMG in relation to sales of LIMP BIZKIT's and Flawless Records' albums over the years … UMG is liable to plaintiffs for tens of millions of dollars in copyright infringement, if not more," the lawsuit reads. "Indeed, Plaintiffs allege that the amounts owed to them by UMG following the rescission of these agreements will easily surpass $200 million."

UMG is being accused of rescission, violating a contract recording agreement, fraudulent concealment, breach of fiduciary duty, intentional misrepresentation, negligent misrepresentation and copyright infringement.


https://blabbermouth.net/news/limp-bizk ... -royalties

------------------------

$tEvil

[Venus Flytrap]

Why are they only asking for $20M when they say the amount owed exceeds $200M? Before you file suit you should have an idea of how much you are owed. Sue for that amount and try to convince a judge to order a forensic audit. If the audit shows you're owed more than you sued for you just get your lowball suit amount.