HitsDailyDouble cite "sources" as saying that EMI will announce a settlement with New York Attorney General Eliot Spitzer over payola investigations any day now. As previously reported, all three of the other majors have reached settlements with Spitzer after admitting that some of the promotional tactics used by their employees or agents in a bid to get US radio airplay for their artists broke anti-payola rules. The financial settlement is most likely to be similar to that reached by Warner Music - ie, in the region of $5 million (possibly a bit higher).
Jun 15, 2006
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1 min read
EMI close to reaching deal with Spitzer
HitsDailyDouble reports EMI is close to settling with New York Attorney General Eliot Spitzer over payola investigations, likely in the region of $5 million like Warner Music's settlement.