has sued Universal Music Group, accusing the world's largest record company of withholding millions of dollars in royalties owed to the band.
Durst and his attorneys claim that UMG “designed and implemented royalty software and systems that were deliberately designed to conceal artists’ royalties and keep those profits for itself.” They also claim UMG “never had any intention of paying” the band. Durst alleges that UMG owes Limp Bizkit as much as $200 million, and the suit demands that Durst and the band receive sole ownership of the copyrights to their music.
Durst and his managers discovered two accounts totaling about $1 million payable to the band that UMG had never informed them about, according to the suit. They also allege that while the accounts were payable beginning in 2019, UMG had fraudulently reclassified them as unrecouped so the company could avoid paying them.
By July, Durst’s lawyers sent UMG a letter claiming the label had “grossly underpaid” the band and hadn’t given them any accurate statements about their royalties, asking for payment from their accounts and for the return of their master recordings. Per the suit, A UMG executive spoke with the attorneys over the phone, chalking up the payment issue to a technical issue with UMG’s new software.
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