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BUSINESS
July 17, 2003 | Jeff Leeds
New York police are investigating a burglary discovered at the offices of independent music label TVT Records. Sources close to the matter said three personal laptop computers belonging to label chief Steve Gottlieb were taken. Other property from the label's headquarters, including stereo equipment and additional office computers, was untouched, sources said. TVT, which releases albums by such acts as Default and Sevendust, declined to comment. Jeff Leeds
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BUSINESS
June 15, 2005 | Charles Duhigg, Times Staff Writer
A U.S. appellate court Tuesday reversed a federal judge's ruling that would have required Island Def Jam Music Group and one of its former executives to pay $53 million to an independent record company, TVT Records. The decision by the U.S. 2nd Circuit Court of Appeals in Manhattan sets aside one of the largest awards in music history and is a surprising capstone to a case that pitted the world's largest music conglomerate against one of the nation's most successful independent record companies.
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BUSINESS
January 25, 2001 | P.J. HUFFSTUTTER, TIMES STAFF WRITER
Taking a small first step to appease the record industry and eradicate its legal troubles, Napster Inc. said Wednesday it had reached an out-of-court settlement with independent record label TVT Records. The agreement crosses off one of Napster's numerous litigants and provides a much-needed vote of confidence from the music world. Financial details of the settlement were not disclosed.
BUSINESS
October 10, 2003 | Jeff Leeds
The global music arm of Vivendi Universal paid more than $61 million into a court account to clear the way for an appeal in its legal dispute with independent TVT Records. Universal Music Group was ordered to pay damages after jurors found its Island Def Jam label liable for fraud and other charges for blocking TVT's release of an album featuring rap star Ja Rule.
BUSINESS
February 23, 1999 | CHUCK PHILIPS
TVT Records signed a $23-million finance deal Monday with music industry veteran Charles Koppelman's Universal Credit Corp. secured by the independent New York label's revenue from its catalog of record masters and music publishing. The asset-backed financing is a 10-year loan that UCC will hold on its books for future securitization in a pooled loan transaction.
BUSINESS
October 10, 2003 | Jeff Leeds
The global music arm of Vivendi Universal paid more than $61 million into a court account to clear the way for an appeal in its legal dispute with independent TVT Records. Universal Music Group was ordered to pay damages after jurors found its Island Def Jam label liable for fraud and other charges for blocking TVT's release of an album featuring rap star Ja Rule.
BUSINESS
May 24, 2003 | Jeff Leeds
A federal judge refused to set aside a $132-million verdict levied against Vivendi Universal's Island Def Jam record label, saying a jury's findings established the company's "dishonest or disingenuous intention" to back out of a deal it had reached with a smaller label. Def Jam and its chairman, Lyor Cohen, had asked U.S. District Judge Victor Marrero in New York to rule that independent TVT Records failed to present sufficient evidence to support an award of damages in the case.
BUSINESS
June 20, 2001 | Reuters
TVT Records said a court has declared a mistrial in its copyright infringement suit against online music company MP3.com Inc., in which it was awarded a wrong amount of damages. In April, the federal judge who presided over the trial said he was considering what to do about an almost $300,000 copyright infringement verdict awarded against MP3.com after jurors told him their math was wrong and they had intended a figure of several million dollars. MP3.
ENTERTAINMENT
May 7, 1989 | PAUL GREIN
NEWS NOTES: Keith Richards, Lou Reed and Living Colour are among the performers set for the International Rock Awards show, scheduled to air May 31 on ABC-TV. The show, which will be taped that night at the Armory in New York, will also feature performances by the Bangles, the Replacements and Robert Palmer as well as the debut performance by Tin Machine, the new group featuring David Bowie. Richards, who is set to perform with his band X Pensive Winos, will receive a "Living Legend" award.
BUSINESS
September 4, 2003 | Jeff Leeds, Times Staff Writer
A federal judge slashed an independent record company's damages award against Vivendi Universal Inc.'s Island Def Jam record label and a top executive, but condemned their conduct as "egregious misdeeds." U.S. District Judge Victor Marrero ordered Island Def Jam and its chairman, Lyor Cohen, to pay $53 million to independent TVT Records, cutting a jury-imposed verdict by more than half.
BUSINESS
September 4, 2003 | Jeff Leeds, Times Staff Writer
A federal judge slashed an independent record company's damages award against Vivendi Universal Inc.'s Island Def Jam record label and a top executive, but condemned their conduct as "egregious misdeeds." U.S. District Judge Victor Marrero ordered Island Def Jam and its chairman, Lyor Cohen, to pay $53 million to independent TVT Records, cutting a jury-imposed verdict by more than half.
BUSINESS
July 23, 2003 | Jeff Leeds, Times Staff Writer
Lyor Cohen, head of Vivendi Universal Inc.'s Island Def Jam record label, recently appeared with veteran rapper LL Cool J to ring the opening bell at the New York Stock Exchange. Now, the music industry is buzzing about whether Cohen will have to visit the bank. Vivendi's Universal Music Group recently told Cohen that it had "reserved its rights" to decide whether to pay his portion of the $132 million in civil damages levied against him and the label in a legal dispute with a smaller rival.
BUSINESS
July 17, 2003 | Jeff Leeds
New York police are investigating a burglary discovered at the offices of independent music label TVT Records. Sources close to the matter said three personal laptop computers belonging to label chief Steve Gottlieb were taken. Other property from the label's headquarters, including stereo equipment and additional office computers, was untouched, sources said. TVT, which releases albums by such acts as Default and Sevendust, declined to comment. Jeff Leeds
BUSINESS
May 24, 2003 | Jeff Leeds
A federal judge refused to set aside a $132-million verdict levied against Vivendi Universal's Island Def Jam record label, saying a jury's findings established the company's "dishonest or disingenuous intention" to back out of a deal it had reached with a smaller label. Def Jam and its chairman, Lyor Cohen, had asked U.S. District Judge Victor Marrero in New York to rule that independent TVT Records failed to present sufficient evidence to support an award of damages in the case.
BUSINESS
May 7, 2003 | Jeff Leeds, Times Staff Writer
In a case that laid bare the music industry's rough-and-tumble tactics, a federal jury in New York on Tuesday ordered Vivendi Universal's Island Def Jam record label and its chairman, Lyor Cohen, to pay $132 million in damages to an independent label blocked from releasing a potentially lucrative album by rap star Ja Rule.
BUSINESS
April 27, 2003 | Jeff Leeds, Times Staff Writer
Lyor Cohen and Steve Gottlieb found themselves in uncomfortably close quarters last summer in the cabin of a seaplane on the way to the Hamptons from Manhattan. Cohen, chairman of Universal Music Group's Island Def Jam division, engaged in a bit of industry gossip with Gottlieb, owner of an independent label. Gottlieb, however, was eager to raise another topic: his plan to release an album featuring rap star Ja Rule, one of Cohen's marquee acts.
BUSINESS
June 15, 2005 | Charles Duhigg, Times Staff Writer
A U.S. appellate court Tuesday reversed a federal judge's ruling that would have required Island Def Jam Music Group and one of its former executives to pay $53 million to an independent record company, TVT Records. The decision by the U.S. 2nd Circuit Court of Appeals in Manhattan sets aside one of the largest awards in music history and is a surprising capstone to a case that pitted the world's largest music conglomerate against one of the nation's most successful independent record companies.
BUSINESS
July 23, 2003 | Jeff Leeds, Times Staff Writer
Lyor Cohen, head of Vivendi Universal Inc.'s Island Def Jam record label, recently appeared with veteran rapper LL Cool J to ring the opening bell at the New York Stock Exchange. Now, the music industry is buzzing about whether Cohen will have to visit the bank. Vivendi's Universal Music Group recently told Cohen that it had "reserved its rights" to decide whether to pay his portion of the $132 million in civil damages levied against him and the label in a legal dispute with a smaller rival.
BUSINESS
March 25, 2003 | Jeff Leeds, Times Staff Writer
A federal jury in New York found powerhouse record label Island Def Jam and its chairman, Lyor Cohen, liable for fraud and copyright infringement in a dispute over a still-unreleased album that involves some of the rap world's biggest names. The eight-member panel sided unanimously with independent label TVT Records, which had accused Cohen and Def Jam of reneging on a deal that would have allowed TVT to release an album featuring rap sensation Ja Rule, now one of Def Jam's marquee stars.
BUSINESS
June 20, 2001 | Reuters
TVT Records said a court has declared a mistrial in its copyright infringement suit against online music company MP3.com Inc., in which it was awarded a wrong amount of damages. In April, the federal judge who presided over the trial said he was considering what to do about an almost $300,000 copyright infringement verdict awarded against MP3.com after jurors told him their math was wrong and they had intended a figure of several million dollars. MP3.
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