Pink Floyd, the band that recorded the best-selling album ‘The Dark Side of the Moon,’ is suing record label EMI Group Ltd. in London over online royalty payments and the sale of single tracks.
The band is asking for clarification to their more than 10- year-old recording contract with EMI, Pink Floyd’s lawyer, Robert Howe, said at a hearing in a London court today. When their contract was negotiated in 1998 and 1999, “both parties were faced with a whole new world of potential exploitation,” Howe said.
VIA BusinessWeek / Bloomberg
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