- A class action lawsuit has been filed against the music recording companies UMG Records, Capitol Records, and companies related to them, alleging that they did not properly calculate royalties due.
- If you received royalties from UMG Records Inc., Capitol Records LLC, or any of their related entities, or you are due royalties from these organizations, you may be eligible for compensation from this class action suit.
- Primarily, the undercalculations were related to downloads, streams, and “mastertones.”
According to documents filed in a recent class action lawsuit, several recording companies, including UMG Records and Capitol Records, did not properly calculate royalties due to artists and underpaid them as a result. These underpayments were mostly in the area of digital streams and downloads.
Read about: How To Make Money Online For Free
A final fairness hearing is set to take place on August 13, 2019. On this date, a judge will determine whether the final settlement amount is to be approved. Is this amount is approved, plaintiffs can expect their judgement checks to be mailed out within 60 days. The time period in question for this lawsuit concerns downloads and streams between the dates of August 1, 2008 through August 30, 2011.
You are eligible for this suit if you have a contract with one of these record labels that is dated August 1, 1965 to August 30, 2004 and that contract grants the label ownership or possession of US exploitation rights in master recordings, plus contains a Records Sold Provision and a Masters Licensed Provision.
If you do not with to be a part of this settlement, you may either do nothing or send in an exemption form. The only reason you would want to send in an exemption form opposed to no action at all would be if you have the desire to file your own lawsuit as an individual in this matter.
You may contact the claims administrators at:
- 1 (855) 896-0636
- UMG Settlement, c/o GCG, P.O. Box 10181, Dublin, OH 43017-3181