Domino Records has issued a statement following the news earlier this week that it had reached a settlement with Four Tet ending an on going legal battle over digital royalties.
The label was keen to stress that it had made various previous efforts to settle the dispute, while also adding that – because the matter was settled out of court – no precedent has been set regarding how old record deals should be interpreted when it comes to sharing streaming money.Four Tet, real name Kieran Hebden, sued Domino in a dispute over what royalty rate he should receive on streams.
Although the Standard Royalty Provisions that accompanied his 2001 Domino record contract did talk about downloads – on which an 18% royalty was due – it didn’t mention streams.
But the label had been applying that 18% rate to his streaming income too.Hebden argued that streaming should be covered by provisions in his 2001 deal that dealt with licensing, on the basis Domino has a licensing deal relationship with the streaming services.
Read more on completemusicupdate.com
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