| November 12th, 2004 12:24 PM |
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| Lazy Bones |
Friday, November 12, 2004
Rolling Stones fail to force audit
LONDON (AP) -- The Rolling Stones failed Friday to force an audit of the books of Decca Music Group, which they say may not have paid them all the royalties from their "40 Licks" greatest hits album.
A High Court judge ruled that under terms of a 1976 agreement between Decca and the surviving members of the band -- Mick Jagger, Keith Richards and Charlie Watts -- disputes over royalties must be referred to arbitration rather than the courts.
On that basis, Justice Nicholas Pumfrey turned down the Stones' application for an order forcing Decca to allow an audit of its books.
"There is no reason why I should not give effect to the clear choice of an arbitral tribunal by the parties to this agreement," he said. "These proceedings must be stayed."
The dispute centers on royalties from the band's greatest hits compilation, "40 Licks," which includes 1960s hits such as "Paint It Black" and "Sympathy For The Devil," the rights to which are still owned by Decca.
Band members say they are entitled to 80 percent of the royalties from the Decca tracks on the album -- which could run into millions of dollars -- and say an audit will disclose how much they should be paid.
The Stones were given permission to appeal the High Court's decision.
There was no immediate comment from Decca.
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| November 12th, 2004 12:27 PM |
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| jb |
Proper result.... |
| November 12th, 2004 01:15 PM |
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| jb |
quote:
jb wrote:
Proper result....
Amen jb::::::::::::::::::::::::::::::::::> |
| November 12th, 2004 01:32 PM |
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| moy |
http://novogate.com/board/968/204852-1.html  |
| November 12th, 2004 01:57 PM |
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| nankerphelge |
I remember Mick saying that they had come to an agreement with ABKCO regarding the use of the early tracks on 40 Licks. Must be exciting to know the deal is gonna end up in court before you even ink it!! |
| November 12th, 2004 02:02 PM |
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| jb |
quote:
nankerphelge wrote:
I remember Mick saying that they had come to an agreement with ABKCO regarding the use of the early tracks on 40 Licks. Must be exciting to know the deal is gonna end up in court before you even ink it!!
Amen nanker-----------------------------> |
| November 12th, 2004 02:05 PM |
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| nankerphelge |
Amen jb!-------------------> |
| November 12th, 2004 07:08 PM |
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| Soldatti |
Mick, you can't always get what you want... |
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