The Smashing Pumpkins sued record label Virgin Records for unauthorized use of their music in promotional deals with "Pepsi Stuff"along with Amazon.com. The band states that the unauthorized use of their music in those marketing deals hurt their credibility and artistic integrity with their fans. According to the lawsuit, Virgin Records has the right to sell digital downloads of the Smashing Pumpkins' music but this right doesn't extend to licensing their music for commercials and advertisement deals.
It is important to note that most music companies would not have the right to license music for commercial promotional deals without an express contractual clause granting them permission or the music company would also have to be the owner of the publishing company for the artists song catalog.
Friday, March 28, 2008
Monday, March 24, 2008
Jackson Five Lost Fortune
Michael Jackson's brothers, the Jackson Five, are struggling to survive according to an exclusive story by the New York Post. The former multimillionaires have hit hard times. The brothers that had everything stardom could afford from million dollar homes and Rolls Royces have now moved back into their parents home. Just how far did the Jackson Brothers fall?and waiting for charity from Michael and Janet Jackson. It is hardly fathomable how far they could have fallen from their heyday of million dollar concert performances. The common causes of the lost of wealth and fortune are bad advice, bad investments, expensive divorces, and an over indulgent lifestyle. Unfortunately, most entertainers and athletes are great at their professions but fair poorly at managing their fortunes and personal lives. It is often easier to amass wealth then to keep it. The Jackson Five serve as an example of how fleeting fame and fortune can be if not carefully managed.
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