A UniversalMusic fire case could break new legal ground
In 2013, Universal Music Group quietly settled a lawsuit against NBCUniversal over a raging fire that five years earlier had swept through a Hollywood studio backlot, and according to court documents at the time, destroyed a massive amount of master recordings stored there. The settlement brought to end an embarrassing situation, or so UMG thought.
In a letter to UMG chairman Lucian Grainge, King wrote, "It is important to all artists who may have been affected by this calamity to know the truth regarding the condition of their master recordings stored by Universal."promised transparencyIn the face of potential litigation, though, Universal may be careful about agreeing to hand over a full list of inventory destroyed, if only to discourage lawyers from shopping for potential clients.
That question could put Universal in the position of having to explain why termination rights don't apply to this fiery situation,Additionally, a negligence theory just scratches the surface of potential claims in a new lawsuit over that old fire.
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