Bob Dylan has triumphed in a lawsuit seeking a multimillion-dollar revenue cut from the sale of his publishing catalog to Universal in January 2021.
The buyoutconducted by Universal Music Publishing Group (UMPG), has included more than 600 copyrights spanning 60 years since 1962 Blowing in the wind up to Dylan’s 2020 release, murder at its worst. UMG was also named in the lawsuit.
The lawsuit was filed on January 20, 2021 by the estate of a songwriter named Jacques Levy, who is described in the lawsuit as “a renowned songwriter and avant-garde theater director.”
The lawsuit adds that Levy has written songs for various artists, including The Byrds, Joe Cocker and Bob Dylan, with whom he has collaborated on 10 compositions, including romance in durango, catfish, Joey, money blues, hurricane, Rita Mae, mozambique, Oh sister, Black Diamond Bay is a bedtime story and isis
Seven of these songs were recorded and released by Dylan on his 1976 album Demand.
The latest verdict, first reported by billboardwas decided today (April 5) in a New York appeals court.
New York State Judge Barry Osttrager originally ruled in July last year that Levy’s estate was not entitled to proceeds from catalog sales, but the decision has been appealed.
According to the legal document filed today, Levy’s estate argues that under a 1975 agreement between Dylan and Levy, he is entitled to a reduction in proceeds from the sale of the copyright to Universal.
However, the document notes that “the 1975 agreement provided that the compositions, with all copyrights, should be Dylan’s ‘sole property’, with Levy assigning all ‘rights, title and interest’ to Dylan.” . .and rights of any kind.”
It adds: “The 1975 Agreement also entitles the plaintiffs to “35% of all proceeds made and actually received by the Compositions [Dylan] from mechanical rights, electrical transcriptions, reproduction rights, film dubbing and television rights and all other rights therein” as well as from the acquisition of third party rights in a composition “for use as the basis of a screenplay, television play or drama”. Work.”
“The agreement between the parties is clear and does not entitle the plaintiffs to any proceeds from the sale of copyrights to compositions co-written with Dylan.”
Susanna Molina Rojas, Court Clerk
In the ruling, court clerk Susanna Molina Rojas writes, “The agreement between the parties is clear and does not entitle the plaintiffs to any proceeds from the sale of the copyrights of compositions co-written with Dylan.
“Nothing submitted by plaintiffs regarding music industry customs and practices supports a different reading or even suggests any ambiguity in the relevant contract language.”music business worldwide
https://www.musicbusinessworldwide.com/bob-dylan-wins-lawsuit-seeking-cut-of-multi-million-dollar-catalog-sale-to-universal/ Bob Dylan wins lawsuit for cutting catalog sales worth millions of dollars to Universal