Thursday, April 7, 2011

Eminem..... #winning!



In 2010, Grammy-winning rapper Eminem and his former production company have been ruled in favor to receive more financial payments from past song and ringtone downloads. I felt that this situation is relevent to bring back up in 2011 because many artist are still having the same issue in collecting royalties in the music buisness. Being in this industry is very exspensive in the first place, and every bosy is VERY money hungry and thats what its all about. If in these modern times of technology, the only way to sell your music is through digital downloads. As of now the physical CD no longer has a major impact on music sales, but digital downloads are taking over. More so through priroting.

A federal jury last year had ruled against F.B.T. Productions LLC in its lawsuit against Universal Music Group seeking a greater share of revenue from downloads made between 2003 and 2008. But the U.S. 9th Circuit Court of Appeals found Friday that F.B.T.'s contract entitled Eminem and his producers to a 50-50 split with Universal for recordings licensed to digital distributors such as Apple Inc.'s iTunes.

"We will be filing a petition for a rehearing," the company said. "In the meantime, it should be noted that this ruling sets no legal precedent as it only concerns the language of one specific recording agreement. Any assertion to the contrary is simply not true." (Wall Street Journal)

A jury was seated Friday, with a star-studded witness list, starting with Jimmy Iovine, a founder of UMG. Steve Jobs, chief executive of Apple Computers, Inc., is scheduled to testify, by video. "This is very significant case," said Jay Cooper, an entertainment lawyer with vast experience in the music industry. "A lot of people are going to be watching very closely because there's a lot of money involved." (The Wrap)

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