Music News
Pink Floyd Wins Battle Against EMI
Though many believed they were in for a long, protracted court battle, Pink Floyd has emerged victorious from their lawsuit with EMI.
The ruling prohibits the digital sale of individual tracks from the band's catalog, and stems from a 1999 contract that the band signed prior to arrangements with iTunes and other digital music outlets.
EMI maintained that the contract applied only to physical releases and not to offerings in the digital realm, but the judge has ruled in favor of the band, according to the BBC.
Additionally, EMI was ordered to pay the sum of $60,000 to compensate for the British rock group's immediate legal fees. The court is still determining how much the label, which Pink Floyd signed with in 1967, shall pay in damages.
And lastly, since the band's 1999 contract did not stipulate how much the band should be compensated for digital royalties, an amended agreement will need to be reached that will iron out actual dollar amounts. Millions are likely at stake, since the band's back catalog is second only to the Beatles in terms of profitability.
Image used with permission by Getty Images.
