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Red Hot Chili Peppers
The recent sale of the Red Hot Chili Peppers catalog to Merck Mercuriadis’s Hipgnosis Songs Fund for $140 million prompted a lawsuit by former managers demanding a 16% commission from the sale. Although the former managers work for ‘Q Prime’ management company, the band, which had been working with the company since the 1990s, recently left before...
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Apple faces antitrust violation charges by the Competition Commissioner for the European Union. The challenge claims that Apple “distorts competition for music streaming by imposing unfair rules for rival services in its App Store.” For example, the platform requires all app developers to use Apple’s payment system, “which charges a 30 percent commission on all...
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The Golden Globes will not air in 2022, according to NBC, after years of controversy and a recent L.A. Times investigation into the Hollywood Foreign Press Association’s membership and financial and ethical practices. This year the show saw a 60% drop in viewership over 2020 and provide a $20-million rebate to NBC to alleviate the...
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15 former producers with Hell’s Kitchen studio Tinopolis may be hitting the production company with a class-action-style lawsuit since being denied profit from a restructuring deal. Tinopolis is one of Britain’s largest production groups, and with revenue dips, due to COVID-19, the Executive chairman Ron Jones led a restructuring deal. However, the 15 producers question if COVID-19 was...
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