September 4, 2003 |
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.
July 23, 2003 |
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.
July 17, 2003 |
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
May 24, 2003 |
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.
May 7, 2003 |
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.
April 27, 2003 |
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.