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UMG sues insurance company to reimburse them for back royalties
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The following comments relate to this news article:

UMG sues insurance company to reimburse them for back royalties

article published on 16 November, 2011

Universal Music Group is suing National Union Fire Insurance Company of Pittsburgh for refusing to pay $45 million to cover a settlement for back royalties owed in Canada. The facts of the original case are far from surprising if you know anything about how major labels treat artists. UMG was accused of failing to pay artists when their songs were included on compilation albums. Instead, ... [ read the full article ]

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LordRuss
Senior Member

1 product review
_ 		16. November 2011 @ 12:39 _ Link to this message    Send private message to this user   
... and now the insurance company says we don't cover that... Isn't this all just convenient? What's good for the goose isn't good for the gander? Life long, anecdotal, euphemism, BS story & yet we're all going through it time and again. At what point does Karma turn back onto itself & Rome start to burn?

Enough of this 'beer drinking Baptist' "revenge be mine, syeth the lord" crap & let's get to see'n the due get their's. I'm not talking class warfare or anarchy, none of that crap or any of that rape & pillage, blood of enemies chug-a-lug stuff either. Just some good old fashioned equilibrium. Enough to scare the hell out of hell out of the elitists for the next 30 years anyway.
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Mysttic
Senior Member
_ 		16. November 2011 @ 12:52 _ Link to this message    Send private message to this user   
You know, I mixed on this issue; cause I hate labels as much as I hate Insurance Companies. They are all thieves in my opinion, that get away with stealing for way too much going on for way too long. I can see why Insurance wouldn't want to cover that considering Universal was liable to pay those royalties before it even went to court. At the same time I'd like to see an insurance company lose in court.
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KillerBug
AfterDawn Addict

1 product review
_ 		17. November 2011 @ 05:00 _ Link to this message    Send private message to this user   
What a load of crap...they refuse to pay their bills, and the insurance company has to pay them?

That sure is convenient...I wish I could just have the insurance company pay all my bills.
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phobet
Member
_ 		3. March 2012 @ 04:15 _ Link to this message    Send private message to this user   
It's not surprising their insurance company doesn't want to pay. (Let's be honest, what insurance company actually *wants* to pay...) UMG got caught using unethical business practices, and now expects to leverage the insurance company against the cost of getting caught. I would suspect that the insurance company told UMG that they did not conduct themselves in good faith, so please go away and go pound sand.
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