Class-Action Incites Music Industry Privacy Concerns
FINANCIAL PRIVACY—U.S.May 1, 2013
A proposed class-action lawsuit has some in the music industry concerned that artists’ financial privacy will be breached, according to Hollywood Reporter. The proposed class-action was launched against Universal Music Group (UMG) by two musicians seeking damages based on treating income from online downloads as “sales” instead of “licenses.” The plaintiffs’ lawyers want UMG to disclose download revenue tied to particular artists to calculate potential damages. Lawyers for UMG said, “Under plaintiffs' proposal, plaintiffs’ attorneys and music-industry professionals could review the private financial information of thousands of recording artists with whom they may have adverse relationships and who have not indicated any desire to be part of any class or to be represented by these attorneys or professionals."