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  • Elvis Presley's Estate Suing Arista Music Germany

    Tue, 06 Sep 2011 10:29:39

    Elvis Presley's Estate Suing Arista Music Germany - The estate is seeking unpaid royalties from ringtones, downloads and apps

    Elvis Presley Photos

    • Elvis Presley - BAD NAUHEIM, GERMANY - AUGUST 16: Alfred Wertheimer, who had captured Elvis Presley in the early years, poses on the exhibition, during the European Elvis Presley festival, in the city, where Elvis Presley performed his military service in Germany between 1958 and 1960 on August 16, 2014 in Bad Nauheim, Germany.
    • Elvis Presley - BAD NAUHEIM, GERMANY - AUGUST 16: Alfred Wertheimer, who had captured Elvis Presley in the early years, poses on the exhibition, during the European Elvis Presley festival, in the city, where Elvis Presley performed his military service in Germany between 1958 and 1960 on August 16, 2014 in Bad Nauheim, Germany.
    • Elvis Presley - BAD NAUHEIM, GERMANY - AUGUST 16: A woman in a Elvis T-shirt , is seen during the European Elvis Presley festival, in the city, where Elvis Presley performed his military service in Germany between 1958 and 1960 on August 16, 2014 in Bad Nauheim, Germany.

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    • Elvis Presley - The Wonder of You
    • Elvis Presley - Steamroller Blues (audio)

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    Reuters reports that the estate of The King –that'd be Elvis Presley-- is suing Arista Music in Germany for unpaid royalties from ringtones, downloads and apps that feature The King's hits! The King's music in the modern era -- how beautiful!

    UK-based Calunius Capital, the exclusive adviser to a $60 million litigation fund, is backing a lawsuit against Arista Music, formerly RCA Records. The lawsuit alleges that Arista exploited Presley in a 1973 buyout agreement that left Presley with only a small share of the revenue from his sound recordings.

    Under the 1973 agreement, initiated by RCA and Presley's manager, "Colonel" Tom Parker, RCA purchased the rights to Presley's back catalog of more than 1,000 recordings for $5.4 million, to be split evenly between Presley and Parker, the suit alleges.

    As a result of the contract, Presley received an annual payment of around $10 for the worldwide rights to each song, which is "conspicuously disproportionate" to the revenue RCA made from the master recordings, according to the suit. Duh. Elvis got bent over with that deal.

    What is your favorite Elvis Presley song?

    —Amy Sciarretto
    09.06.11



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