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April 26, 2005

Universal Music Group Sued For Racketeering

Universal_2yahoo: Two independent music promoters (National Music Marketing of Los Angeles and Majestic Promotions of Atlanta) are suing Universal Music Group for $100 million, claiming the record company forced them to submit false or doctored invoices so Universal could recoup promotional costs from some of its artists...The move comes in the wake of an investigation into record companies paying US radio stations to play their songs. As a result of the alleged fraud, Universal was able to bill promotional costs to artists whom the promoters never represented. The suit - which was filed after National and Majestic were fired and possibly blackballed to radio stations - accuses UMG of racketeering, fraud, trade libel and breach of contract.

-- Universal Label Defrauded Stars

Posted by Todd in UMG | Permalink


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