Music Week Hebden and his lawyers have argued that “a reasonable royalty rate…has at all material times been at least 50 per cent”.
The contract itself, signed in February 2001 long before the proliferation of streaming platforms and the first iPod, stated that record sales are subject to a royalty rate of 18 per cent.However, one clause in the contract reads: “In respect of the exploitation of the Masters and any videos embodying the Masters and received by us from our licensees outside the UK we shall credit your audio and audio-visual royalty accounts respectively with 50 per cent of all royalties and fees arising from such exploitation.”Hebden’s case states it “will contend that a reasonable royalty rate in respect of revenues derived.
Read more on nme.com
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