Wednesday, December 15, 2010

Pink Floyd win EMI royalties battle

Pink Floyd have won a Court of Appeal battle against EMI over online royalties.

In March, the band won their case at the High Court barring the record company from selling single downloads from their concept albums.

EMI were found in breach of agreements by "wrongly exploiting" album works by releasing singles online. The group also claimed they were not paid properly for the digital downloads.

Following EMI's appeal against the High Court decision, Sky News Online reports a Court of Appeal judge has now ruled in the group's favour.

EMI admitted it had allowed online single downloads from the albums and also allowed parts of the tracks to be used as ringtones. But Pink Floyd said that many of the tracks merged into one another as part of the whole album and they did not want them taken out of context.

In rejecting EMI's appeal, the judge found the group wanted "to preserve the artistic integrity of the albums."

Pink Floyd has reportedly sold more than 200 million albums worldwide.

EMI has found itself in trouble in the past few years, as major acts like The Rolling Stones, Paul McCartney and Radiohead have left the label. The company appeared desperate when it tried to sell off famed Abbey Road Studios earlier this year, before a public backlash caused them to reconsider.

EMI is now reportedly half the value it was when private equity firm Terra Firma purchased it in 2007.

More details at Sky News Online report here.

Pink Floyd – Money (1973)