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class-action-suits

This Lawsuit Isn’t Just A Cheap Trick

April 28, 2006 by Kassia Krozser

Way back in the early eighties, a revolution happened. Giddy with the power of new technology, motion picture studios rushed to release their back catalogs on the new-fangled videocassettes (and some on laser discs, but that’s a story for another day). They knew full well that this was a foolhardy decision, but with dollar signs in their eyes, how could they resist this new revenue stream?

Why foolhardy? Because the existing agreements with talent, from a participations and residuals perspective, didn’t cover this new distribution channel. With residuals, somehow the studios won and were allowed to continue to calculate payments as a percentage of a 20% royalty calculation. As I noted earlier this week, the guilds aren’t likely to take this forever.

[Read more…] about This Lawsuit Isn’t Just A Cheap Trick

Filed Under: Mediacratic, Music Tagged With: Allman-Brothers, Cheap Trick, class-action-suits, iTunes, lawsuits, music industry, Sony

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Previously on Medialoper

  • Certain Songs #2390: Soundgarden – “Kickstand”
  • Certain Songs #2389: Soundgarden – “Spoonman”
  • Certain Songs #2388: Soundgarden – “Black Hole Sun”
  • Certain Songs #2387: Soundgarden – “Head Down”
  • Certain Songs #2386: Soundgarden – “My Wave”

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