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Glassnote Records, the label that hosts artists such as Phoenix and Aurora, asks a New York court to determine whether Donald Glover, whose stage name is Childish Gambino, is entitled to royalties that, according to him, should be paid. him for non-interactive streams of his music.
Since signing with Glassnote in 2011, Glover, like Gambino, has released three albums and a series of mixtapes. His latest album, "Awaken, My Love!," Won the hit song "Redbone".
According to a declaratory judgment filed in the United States District Court in the District of New York on July 6, Label claims to be entitled to half of SoundExchange's payments for what is known as "Non-interactive digital performance royalties" – are paid for by streaming services such as Pandora, Spotify, SiriusXM and other webcasters considered as digital radio. Typically, such royalties would go to the label that would split the fees based on his contract with the artist. In the Childish Gambino case, Glassnote argues that it is entitled to a 50 per cent share of these public performance royalties. The other 50% is due to Glover (45%) and participating artists and producers stars (5%). Since 2012, the amount paid to Glover is approximately $ 700,000
Relative
But for reasons that are not fully apparent from the filing, except the end of the license expiring in 2017 ( Glover signed with RCA Records in January), Glover insists that he is entitled to 100% of these performance fees and has collected the fees directly from SoundExchange. Glassnote is asking the court to make a decision on the contractual split and that the label may retain the SoundExchange royalties that it has already received.
For its part, Glassnote reveals that it has already paid Glover $ 8 million over the life of the contract and plans to pay him $ 2 million more before their business is done. One with the other. In addition, the complaint notes that Glassnote bore all financial risks by launching Gambino and advanced funds against future royalties and pledged to spend at least $ 200,000 for "Awaken, My Love!" – Expenses that Glassnote "far exceeded" reads the deposit.
According to the complaint: "At the end of 2017, the license agreement has expired. Shortly after, Glover, apparently dissatisfied with royalties of about $ 10 million already paid or owed by Glassnote and 45% of public performance royalties from SoundExchange, said that he was entitled to the 39% of Glassnote's 50% share states that it had previously "benefited from a productive and profitable creative and commercial relationship". Glover had his basic records and authorized Glassnote's rights of exploitation. But things went south and bottomed around June 28 when, according to the filing, Glover's legal representatives demanded "a payment of $ 1.5 million as well as 100% of SoundExchange's royalties for royalties. ". payment was due, by Glover team, no later than July 6th.
Glassnote, which was founded by Daniel Glass in 2007 and is based in New York, is represented by Loeb & Loeb in this case.
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