The estate of 1950s pop star Ricky Nelson has reached a settlement deal with Sony Music in a class action lawsuit over deductions made on foreign royalties.
Although Sony denies any wrong-doing, it will set aside $12.7 million to provide class members a royalty boost for past streams while committing to increase future royalties on foreign streams by 36%.This legal battle centred on a common royalties gripe for artists: ie the way global music companies often make deductions to income as it moves its way around their various regional subsidiaries, before calculating what the artist is due under the terms of their record contract in their home country.Such deductions have traditionally been common in the record industry.
Read more on completemusicupdate.com
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