Tupac Estate, Hole, Petty
Sue Universal Music
… Over the destruction of epic songs
6/22/2019 7:29 PDT
The Tupac Estate, Tom Petty s ex-wife, Hole and countless others involved in the most epic songs in history suing Universal Music Group, claiming that UMG has turned them out of more than $ 100 million in secret money closure, after a fire destroyed hundreds of thousands of master recordings.
It is a lawsuit for class cases and may include similar ones as Elton John and many others.
Here's the backstory … a fire destroyed as many as 500,000 master recordings in the UMG's archive vault at Universal Studios backlot warehouse.
The success claims that there was an agreement where UMG and the artists split profits from the main shootings 50/50.
UMG briefly told Billboard about the fire: "We had no loss, fortunately. We moved most of what was previously stored there earlier this year to our other facilities." The package claims there was a big fat lie .
According to the trial, UMG filed at least $ 150 MILLION insurance claims based on the fact that the main recordings were destroyed … and they do not share a penny with the artists. The sigh claims that the UMG has deliberately tried to deceive the artists by hiding the payments.
The suite asks for more than $ 100 miles. No word on other artists who can participate in class action.
UMG reportedly had no comments on the trial.