Fred Durst, Limp Bizkit
UMG Screwed Us Out of Million$
Printed
Fred Durst and Limp Bizkit are suing one of many greatest report corporations on the earth … claiming they’re getting royally screwed out of tens of millions of {dollars} in royalties and different income.
In accordance with a brand new lawsuit, obtained by TMZ, Fred and his band declare Common Music Group has stiffed them on their share of royalties — regardless of their music getting over 3 billion streams up to now two years alone.
Within the docs, Fred and Limp Bizkit declare UMG didn’t have any intention of ever paying them royalties and could also be screwing tons of different artists out of streaming cash.
Fred and LB declare UMG designed and applied royalty software program techniques that intentionally conceal artists’ royalties and maintain the cash in UMG’s coffers.
What’s extra, Fred and his band declare report offers they signed after they had been simply getting began within the Nineteen Nineties screwed them out of boatloads of money … Fred says he additionally had agreements with report execs for 50/50 revenue splits on sure musical ventures however by no means ended up amassing what he claims he was owed underneath the offers.
Fred additionally claims he was promised 10% of income from Staind after discovering the band and signing them to a label underneath the UMG umbrella … however he says his funds abruptly stopped on that deal in 2012.
All instructed, Fred and Limp Bizkit estimate they “easily” could possibly be owed over $200 million … and they’re going after UMG for damages.
We reached out to UMG … to date no phrase again.
