A brand new lawsuit filed by Limp Bizkit’s Fred Durst means that the nu-metal hitmakers are owed over $200 million in royalties from the Common Music Group (UMG). The singer’s legal professionals even went as far as to state that the Durst had “not seen a dime in royalties” over the a long time from the label and that his group was not alone in that predicament.
He might have sang about doing all of it for the nookie, however Durst apparently feels he was shortchanged in monetary earnings from Common Music Group’s cookie. As Billboard reported, within the lawsuit filed Tuesday (Oct. 8) in Los Angeles federal court docket, Durst argued that the label carried out “systemic” and “fraudulent” coverage that was designed to hide royalties from artists in order that the label might preserve the earnings for themselves.
What Fred Durst Has Alleged
The grievance states that Limp Bizkit initially signed what they thought was a traditional file deal during which an artist was superior a sum of cash to file the album with the label then having the ability to recoup these prices earlier than royalties had been handed on to the artist.
Throughout the authorized motion, Durst claims that the label stated that Limp Bizkit had spent $43 million in advances to work on their music through the years and that each one royalties weren’t being paid “since his account was nonetheless so removed from recoupment.”
Nonetheless, Durst reveals that the band was by no means contacted concerning the preliminary withholdings and their supposed debt. Durst additionally claims that the label initially blamed the shortage of notification concerning the royalty withholding on a software program error.
“UMG’s failure to difficulty royalty statements specifically from 1997-2004 — the peak of the band’s fame and in periods during which they made record-breaking gross sales — with respect to its hottest albums means that UMG was deliberately concealing the true quantity of gross sales, and due to this fact royalties, due and owing to Limp Bizkit to be able to unfairly preserve these earnings for itself,” it is said within the go well with.
In line with the singer, it wasn’t till he retained new illustration that began trying into his monetary issues that he first realized of the band’s supposed debt to the label and that the royalties had been being withheld.
Attorneys for the musician report that $1.03 million was ultimately launched to the band, whereas the Durst’s Flawless Data recouped $2.3 million after the preliminary inquiry, however the band is suing as a result of the sum doled out is considerably much less that what has been paid to this point.
What Else Fred Durst Is Looking for From UMG
Whereas the monetary consideration is an enormous a part of the lawsuit, Durst and Limp Bizkit are additionally in search of to void their contract with UMG and asking for the return of copyrights and in search of further infringement damages over these rights.
Limp Bizkit By the Numbers
Limp Bizkit achieved nice success within the late ’90s and early 2000s. Their debut album Three Greenback Invoice, Y’All has been licensed double platinum. The follow-up, Important Different, is a seven-times platinum album. Chocolate Starfish and the Hotdog Flavored Water is their greatest vendor at eight instances platinum. Outcomes Might Range was their final platinum album.
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After a 10-year break between information, Limp Bizkit returned in 2021 with the well-received album Nonetheless Sucks. The band simply accomplished a profitable summer season run below the Loserville banner.
Limp Bizkit Albums Ranked
See how we ranked Limp Bizkit’s albums from weakest to strongest.
Gallery Credit score: John Hill, Chad Childers
