Billy Corgan Suing Los Angeles Distributor Over Unpaid Revenue
Posted by Joseph Lee on 05.29.2014
He's owed money...
According to The Hollywood Reporter, Billy Corgan is suing Los Angeles-based distributor Rocket Science Inc. Skyrocket Holdings, LLC and its principal Kevin day for back revenues he claims he's owed for his music.
He said he signed a deal on January 1, 2010 which gave the company rights to release some of his recordings. In September 2011, the company stopped giving him accounting for revenues from his songs. Day did not observer standard business practices like maintaining separate bank accounts. The lawsuit also claims Day used business funds for his personal expenses.
Corgan is suing for breach of contract. The suit says the amount cannot be decided without an accounting of Day's receipts and expenses associated with the music.