Limp Bizkit sues Universal Music for $200M in royalties

In California, Limp Bizkit and Flawless Records have filed a lawsuit against Universal Music Group (UMG), claiming that the company owes them over $200 million in concealed royalties. The lawsuit alleges that UMG utilized software designed to hide artists' royalties, allowing the company to retain profits unlawfully. Despite a resurgence in Limp Bizkit's popularity, the band claims it received no royalty payments until legal action was initiated. Upon accessing UMG's royalty statements, they discovered that UMG owed them over $1 million. UMG has since made partial payments, attributing the delays to software errors. Industry experts suggest that while royalty payment issues are common, they rarely escalate to such public disputes. The case raises broader questions about the transparency and accountability of major music firms in the streaming era, where calculating royalties has become increasingly complex. The outcome of this lawsuit could potentially reveal systemic issues affecting many artists in the industry.