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EMI settle with Cash Money Records
By CMU Editorial | Published on Monday 26 March 2012
Well, that happened quicker than we expected. EMI has settled its legal dispute with Universal Music affiliate Cash Money Records. As previously reported, earlier this month EMI filed court papers saying Cash Money owed it $491,000 in royalties relating to samples of music owned by the London-based major used on releases from the hip hop imprint. It now seems that claim related to an earlier legal squabble over samples that appeared on Lil Wayne’s ‘Tha Carter III’ album.
Anyway, the filing of court papers seems to have done the trick in what is definitely a long running dispute over sample royalty fees, with both parties issuing a joint statement to Billboard late last week that reads: “Cash Money Records and EMI Music Publishing have amicably settled EMI’s recent lawsuit and their financial disputes on various record releases. The companies look forward to working together on future projects”.
