Donald Glover is suing his former label Glassnote Records in a dispute over royalties. Documents obtained by Pitchfork seem to indicate that a breach their licensing agreement might have occurred. Glover is holding out for $10,000 in streaming royalties
The lawsuit is a countermeasure to a complaint the label filed by the record label on July 6, requesting a court-ordered arbiter handle the stalemate. The complaint asserted that “Donald Glover made a claim that he was owed 95% SoundExchange royalties when we are legislatively and contractually required to share those royalties 50/45.” After placing him under oath, Glassnotes then issued their side the story, as well as their intentions to settle the dispute with a blank slate.
Donald Glover’s new lawsuit claims the “95% figure” Glassnotes Records presented as fact is both by 5% — that he is owed the whole sum his royalties, down to the last penny. On top the 5%, he claims he is owed, Glover will seek additional collateral compensation, as well as the shredding the original complaint he has deemed erroneous.
Glover released Camp, Because the Internet, and Awaken, My Love! as Childish Gambino, while under contract with Glassnotes Records between 2011-2016. Glover’s musical ventures are now overseen by RCA, with whom he signed in January.
Bobby Brown is still unimpressed with Kanye West. When he was asked about the producer, the singer responded calmly. He denied communicating with Kanye or even Pusha T about the cover art for Daytona.
One his comments came as a friendly warning. Still, he has no confrontational intentions.
Brown had already expressed his discontentment with Kanye in May. He called the decision to licence the infamous picture for $85 000 “disgusting.”
The entertainer in focused on the positivity in his life. One the ways he’s doing so is by touring with his music. He is also taking the narrative his life in his hands through a biopic called The Bobby Brown Story.
Spotify has effectively made its very first sale stock available to the public, with the Security and Exchanges Commission on Wednesday (Feb. 28). That’s right folks, Spotify is now a publicly traded entity. Spotify will now be certified under the abbretion SPOT, at the New York Stock Exchange.
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In their presser, Spotify made claims usership soaring over 71 million mark, nearly twice as much as Apple Music. The 1 Billion dollar IPO gives us an inside look at Spotify’s financial structure. The billion dollar total is the collective sum all transactions by all existing shareholders. The number is subject to change. Never the less the company is not issuing this IPO, in order to raise capital. They are simply trying to stay head above water.
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Spotify’s prit margins are still well below Apple Music because licensing fees. Spotify is forced to endure these fees at the behest music labels. The only solution in this industry is to control your own content. We’ll have to see how this unfolds.