p2pnet news | Music:- Another problem for Sony.

“I worked too hard for them and made them too much money to get robbed now.”

That’s from Cleveland International Records founder Steve Popovich, quoted by the BBC.

Caught in another price fixing scandal, the beleaguered company, on the hook for almost $70 million, has now been told it’ll have to pay Popovich $5 million for neglecting to put his company’s logo on re-issues of Meat Loaf’s “Bat Out of Hell”.

“Steve Popovich, 65, who started Cleveland International Records in 1977 and soon afterward signed the chubby singer named Marvin Lee Aday, persuaded Epic Records to release the wildly successful album,” says Associated Press.

“Epic was owned at the time by CBS. Sony, which bought out CBS Records, paid $6.7 million to Popovich and his former partners in 1998 to settle a lawsuit over royalties from the album.”

A court settlement in 1998 ordered Sony to include the Cleveland International logo on future copies of the record, but Sony, “failed to add the logo for more than a year afterwards,” says the BBC.

Sony says the logo omission was later was corrected and in court documents, “also accused Popovich of trying to get money out of the company by trumping up the logo agreement,” says AP, adding:

“Bat Out of Hell,” operatic in tone, but guitar rock through and through, has sold more than 30 million copies worldwide, according to court records.

Slashdot it!

Also See:
BBC – Sony sued in Meat Loaf logo row, November 21, 2007
almost $70 million – Sony: fined for priced fixing, November 22, 2007
Associated Press – Sony Ordered to Pay $5M in Logo Dispute, November 22, 2007

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This entry was posted on Friday, November 23rd, 2007 at 6:10 am and is filed under Music. You can follow any responses to this entry through the RSS 2.0 feed. You can skip to the end and leave a response. Pinging is currently not allowed.

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