Limp Bizkit Sues Universal Music Group for $200 Million in Unpaid Royalties
The lawsuit alleges fraudulent accounting practices by UMG, claiming the band has not received royalties for years despite their resurgence in popularity.
- Limp Bizkit and frontman Fred Durst have filed a lawsuit against Universal Music Group, accusing the company of withholding over $200 million in royalties.
- The band claims they have not been paid for more than half a billion streams, and the lawsuit seeks to void all contracts with UMG.
- Durst alleges that UMG's accounting system was deliberately designed to conceal royalties, affecting potentially hundreds of other artists.
- UMG has reportedly paid Limp Bizkit $1.03 million and Durst's Flawless Records $2.3 million, but the band claims much more is owed.
- The lawsuit highlights that despite the band's renewed popularity, UMG has failed to provide accurate royalty statements since the late 1990s.