EMI Resolves Licensing Lawsuit With Cash Money
Mar 26, 2012 | 1:08 PM Written By: Jessica T
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After Cash Money's long and arduous battle with EMI over unpaid licensing fees connected to Lil Wayne's The Carter III, it seems the two have settled their discrepancy.
The two labels released a joint statement exclusively to Billboard.biz, saying "Cash Money Records and EMI Music Publishing have amicably settled EMI's recent lawsuit and their financial disputes on various record releases. The companies look forward to working together on future projects."
EMI sued Cash Money in 2009 for "direct, contributory and vicarious inducement of copyyright infringement, unfair competition and breach of contract," resulting in a judge ordering Cash Money to pay EMI $1.5 million.
Source: Billboard
