Limp Bizkit files $200 million lawsuit against Universal Music for unpaid royalties

In a significant legal move, Limp Bizkit has initiated a lawsuit against Universal Music Group (UMG) in Los Angeles, alleging that the music label has failed to pay them royalties for an extended period. The band, which collaborated with UMG from 1997 to 2011, claims they have not received any royalties in years, despite their successful history and the substantial revenue generated from their music. The lawsuit, filed on October 8, 2024, seeks $200 million in damages, reflecting the band's frustration over their financial treatment by UMG. The complaint details that UMG has implemented policies that are described as fraudulent, intentionally designed to keep artists like Limp Bizkit from receiving their rightful earnings. Lead singer Fred Durst's lawyer argues that UMG's practices have resulted in the band being classified as having an "unrecouped" account, meaning they have not earned enough to repay their advance. This classification has allegedly allowed UMG to withhold royalties, even as the band's music continues to generate significant income. Additionally, the lawsuit suggests that Limp Bizkit is not alone in this predicament, as there may be numerous other artists who are similarly unaware of positive balances in their accounts. The band’s complaint highlights the troubling financial practices of UMG, which they claim have led to overdrafts and unexplained charges on their accounts. The outcome of this lawsuit could have far-reaching implications for the music industry, particularly regarding how major labels manage artist royalties and the transparency of their financial dealings. As the case unfolds, it may shed light on the broader issues of artist compensation and rights within the music business.