CONTRACT
Artistes, recorded music

 

Survivor are the latest band to go legal over the payment of royalties for downloads, mainly in relation to their 1982 ‘Rocky III’ soundtrack epic hit ‘Eye Of The Tiger’. Founding Survivor members Jim Peterik and Frankie Sullivan, the latter still performing with the band, have sued Sony Music for a ‘licensing’ cut of the revenue generated by their recordings, which they say should be 50% of the income. The  lawsuit also claims that the major still owes the duo money stemming from settlements the American record industry reached with the big file-sharing platforms of old like Kazaa, and also alleges a number if other accounting irregularities including improper deductions. According to Billboard: “A Sony representative threatened that in the event Survivor persisted in its objection, Sony would exercise what it termed ‘the nuclear option’ – removal of the Survivor masters from the songs licensed to iTunes for download by consumers, thereby wiping out that revenue stream altogether. By threatening ‘the nuclear option’, Sony has conceded that its transaction with iTunes is a license subject to termination, and not a sale of the Survivor masters to iTunes. If it was a sale, Sony would have no right to demand return of the songs”.

http://www.billboard.com/biz/articles/news/legal-and-management/5893884/sony-music-sued-over-eye-of-the-tiger-song-royalties