'Weird Al' Yankovic Settles Lawsuit With Sony Music
Posted by Jeremy Thomas on 12.19.2013
Over unpaid royalties...
"Wierd Al" Yankovic has settled a $5 million lawsuit he brought against Sony Music in March of last year. Yankovic had filed suit against the company after learning that Sony was among the record labels that had been treating digital downloads from iTunes and other online retailers as sales rather than licenses, thus allegedly breaching their contract by giving the parody maker about 15% of profits instead of 50% as licensed music receives. Yankovic had contended that he had been cost $1.5 million from that, with the rest coming from other allegedly shady business practices such as cutting the singer out of profits from YouTube when Sony received an equity stake as part of a content licensing agreement with YouTube.
Now, THR reports that the suit has been settled and papers from both parties were filed in New York federal court this week to dismiss the case with prejudice. The filing didn't specify the terms of the settlement.