Cost of Sony Forgetfulness Is 5 Million Dollars
Sony Music must pay $5m (?2.4m) to a small record company for missing its logo off Meat Loaf’s Bat Out of Hell album, a US court has ruled.
The decision comes after a court settlement in 1998 decided Sony should include the Cleveland International logo on future copies of the record.
But Sony failed to add the logo for more than a year afterwards.
Cleveland founder Steve Popovich said: “I worked too hard for them and made them too much money to get robbed now.”
Sony claimed the logo omission was a mistake that was eventually corrected.
According to court documents, Sony claimed that Mr Popovich had fabricated the logo agreement.
In an original dispute over royalties from the album, Mr Popovich and his former partners were awarded $6.7m (?3.2) by Sony.
Bat Out of Hell, which was originally released in 1979, has sold more than 30 million copies worldwide, according to court records.
Reference:
Meat Loaf
Michael Lee Aday (born Marvin Lee Aday; September 27, 1947), better known as Meat Loaf, is an American rock singer and actor of stage and screen. He is noted for his albums Bat out of Hell, II, and III and several famous songs from movies. The Neverland Express is the name of the band he fronts, as its lead singer. In 2001, he changed his first name to Michael.
Despite setbacks (including bankruptcy, on more than one occasion), Meat Loaf is notable for the success of his music career, spawning some of the largest-selling albums of all time, and breaking several records for chart duration. Bat out of Hell, the debut album which had been four years in the making, has sold over 37 million copies. After almost 30 years, it still sells an estimated 200,000 copies annually, and stayed on the charts for over 9 years. Each of the seven tracks on the album eventually charted as a single hit.
Although he enjoyed success with Bat out of Hell and Bat out of Hell II: Back into Hell, Meat Loaf experienced some initial difficulty establishing a steady career within his native United States; however, he has retained iconic status and popularity in Europe, especially the UK, where he ranks 23rd for number of weeks overall spent on the charts, and is one of only two artists with an album never to have left the music charts. With the help of his New York collection of musicians John Golden, Richard Raskin and Paul Jacobs his European tours enjoyed immense popularity in the 80’s. In Germany, Meat Loaf became notably popular following the release of Bat out of Hell II but has enjoyed most of his success among pop/rock fans. He ranked 96th on VH1’s ‘100 Greatest Artists of Hard Rock’.
Meat Loaf has also appeared in over 50 movies or television shows sometimes even as himself, or as characters resembling his onstage personality, such as his memorable role as Eddie in The Rocky Horror Picture Show. He appeared in the acclaimed feature film Fight Club, as Robert “Bob” Paulson; he is credited for this role as “Meat Loaf Aday”.
In 2007 Meat Loaf granted filmmaker Bruce David Klein exclusive access for the making of Meat Loaf: In Search of Paradise, an independent theatrical documentary film that captures the legendary rocker and his life in rehearsals and on the road during his 2007 World Tour. The film was an official selection of the Montreal World Film Festival in 2007.
Sony
Sony Corporation (Son? Kabushiki-gaisha?) is a Japanese multinational conglomerate corporation and one of the world’s largest media conglomerates with revenue of $70.303 billion (as of 2007) based in Minato, Tokyo. Sony is one of the leading manufacturers of electronics, video, communications, video games and information technology products for the consumer and professional markets.
Sony Corporation is the electronics business unit and the parent company of the Sony Group, which is engaged in business through its five operating segments electronics, games, entertainment (motion pictures and music), financial services and other. These make Sony one of the most comprehensive entertainment companies in the world. Sony’s principal business operations include Sony Corporation (Sony Electronics in the U.S.), Sony Pictures Entertainment, Sony Computer Entertainment, Sony BMG Music Entertainment, Sony Ericsson and Sony Financial Holdings. As a semiconductor maker, Sony is among the Worldwide Top 20 Semiconductor Sales Leaders. Its slogan is Sony. Like no other.
No Comments »
No comments yet.
