Thanks to TechDirt I recently discovered THR, Esq. an Entertainment and Media Law blog which has quickly become one of my new favorites.
Yesterday’s post is about the lawsuit recently filed by Cher against Universal Music alleging breach of contract. Essentially Cher alleges that Universal hid international royalty payments by funneling money through intermediary corporations.
Allegations of creative accounting are rampant in both the music and movie business but lawsuits have been rare (or at least successful ones.) It will be interesting to see whether there is merit (and more importantly proof) behind Cher’s allegations. (Universal’s spokesman denied all claims.)