Rockers Incubus have reached a settlement in their legal action against Sony Music. As previously reported, Incubus sued to get out of their 1996 contract using the Californian state law that says entertainment companies can only claim exclusivity to an artist for seven years. But Sony counter-sued claiming the band owed them four more albums. In a statement, delivered jointly by the band's management and the label this weekend, reporters were told "the band and label have amicably resolved their differences, and will continue with their highly successful relationship." Reports suggested the label had offered an $8 million advance for the band's next album and $2.5 million each for two additional sets, as well as committing to $3 million in unrecoupable promotional expenditure. As reported last week, Incubus has parted company with founding bassist Dirk Lance and replaced him with former Roots bassist Ben Kenney, though it doesn't seem that decision was linked to the ongoing legal dispute with Sony.
Apr 14, 2003
•
1 min read
Incubus settle dispute with Sony
Incubus have settled their legal dispute with Sony Music, with the label reportedly offering an $8 million advance and two further album deals.