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Digital Download Class-action Settlements
The digital download class-action settlements were a series of legal settlements by the world's three major record companies, between 2012 and 2015, which ''The Hollywood Reporter'' called an "important chapter in the legal history of the music business." Overview The class actions emerged in the aftermath of '' F.B.T. Productions, LLC v. Aftermath Records'', a lawsuit that created debate within the music industry about whether digital downloads constituted "sales" of records or "licenses" of master recordings within the meaning of most recording contracts, and how that distinction would affect the royalties paid by record companies to artists. Artists and record companies differed on how the ''F.B.T.'' ruling would apply, if at all, to other recording contracts. Comparison of the three settlements is difficult, not only because of the ambiguity of the published reports about Sony's settlement discussed below, but because of the differing market shares of the companies, the diff ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The Hollywood Reporter
''The Hollywood Reporter'' (''THR'') is an American digital and print magazine which focuses on the Cinema of the United States, Hollywood film industry, film, television, and entertainment industries. It was founded in 1930 as a daily trade paper, and in 2010 switched to a weekly Wide-format printer, large-format print magazine with a revamped website. As of 2020, the day-to-day operations of the company are handled by Penske Media Corporation through a joint venture with Eldridge Industries. The magazine also sponsors and hosts major industry events. History Foundation and early years ''The Hollywood Reporter'' was founded in 1930 by William R. Wilkerson, William R. "Billy" Wilkerson (1890–1962) as Hollywood's first daily entertainment trade newspaper. The first edition appeared on September 3, 1930, and featured Wilkerson's front-page "Tradeviews" column, which became influential. The newspaper appeared Monday-to-Saturday for the first 10 years, except for a brief period, t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sony Music
Sony Music Entertainment (SME), commonly known as Sony Music, is an American multinational music company owned by Japanese conglomerate Sony Group Corporation. It is the recording division of Sony Music Group, with the other half being the publishing division, Sony Music Publishing. Founded in 1929 as American Record Corporation, it was acquired by the Columbia Broadcasting System in 1938 and renamed Columbia Recording Corporation. In 1966, the company was reorganized to become CBS Records. Sony bought the company in 1988 and renamed it SME in 1991. In 2004, Sony and Bertelsmann established a 50–50 joint venture known as Sony BMG to handle the operations of Sony Music and Bertelsmann Music Group (BMG), but Sony bought out Bertelsmann's stake four years later and reverted to using the 1991 company name. This buyout led to labels formerly under BMG ownership, including Arista, Jive, LaFace and J Records into former BMG and currently Sony's co-flagship record lab ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Warner Music Group
Warner Music Group Corp., commonly abbreviated as WMG, is an American Multinational corporation, multinational entertainment and record label Conglomerate (company), conglomerate headquartered in New York City. It is one of the "Record label#Major labels, big three" recording companies and the third-largest in the global music industry, after Universal Music Group (UMG) and Sony Music Entertainment (SME). Formerly owned by Time Warner (later called WarnerMedia and its successor is Warner Bros. Discovery), the company sold WMG in 2004 to a group of private investors led by Edgar Bronfman Jr., in a move to alleviate Time Warner's debt load related to its merger with AOL. WMG was publicly traded on the New York Stock Exchange from 2005 until 2011, when it announced its privatization and sale to Access Industries. It later had its second IPO on Nasdaq in 2020, once again becoming a public company. As of 2025, Access Industries remains the company's largest shareholder, owning 72% ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Universal Music Group
Universal Music Group N.V. (often abbreviated as UMG and referred to as Universal Music Group or Universal Music) is a Netherlands, Dutch–United States, American multinational Music industry, music corporation under Law of the Netherlands, Dutch law. UMG's corporate headquarters are located in Hilversum, Netherlands, and its operational headquarters are located in Santa Monica, California. The biggest music company in the world, it is one of the "Record label#Major labels, Big Three" record labels, along with Sony Music, Sony Music Entertainment and Warner Music Group. Tencent acquired ten percent of Universal Music Group in March 2020 for €3 billion and acquired an additional ten percent stake in January 2021. Pershing Square Holdings later acquired ten percent of UMG prior to its Initial public offering, IPO on the Euronext Amsterdam stock exchange. The French Vincent Bolloré, Bolloré family still owns 28 percent of UMG (18 percent directly, and ten percent through Vive ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Legal Action
In legal terminology, a complaint is any formal legal document that sets out the facts and legal reasons (see: cause of action) that the filing party or parties (the plaintiff(s)) believes are sufficient to support a claim against the party or parties against whom the claim is brought (the defendant(s)) that entitles the plaintiff(s) to a remedy (either money damages or injunctive relief). For example, the Federal Rules of Civil Procedure (FRCP) that govern civil litigation in United States courts provide that a civil action is commenced with the filing or service of a pleading called a complaint. Civil court rules in states that have incorporated the Federal Rules of Civil Procedure use the same term for the same pleading. In Civil Law, a "complaint" is the first formal action taken to officially begin a lawsuit. This written document contains the allegations against the defense, the specific laws violated, the facts that led to the dispute, and any demands made by t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
