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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
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
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
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
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
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.
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
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.
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.
ENTERTAINMENT
November 30, 1997 | Brett Johnson
* * * Mic Geronimo, "Vendetta," Blunt/TVT Records. Unlike Mic's monotonous 1995 debut, "The Natural," the sonics on "Vendetta" have spawned several radio-friendly jams whose bass lines bounce and shimmy enough to make the low-rent diva-sung choruses marginally forgivable. Yet Mic's brooding raps about a dead homie--his mother--and hectic street life strike a thankful balance.
BUSINESS
June 11, 2002 | Jon Healey
Terra Lycos plans to jump into the subscription music business today, offering the Rhapsody online music service from Listen.com. Company officials described Rhapsody--a combination of genre-based radio and personalized Internet jukebox--as a natural evolution of their music services, but it also responds to the subscription services offered by Yahoo and MSN. Listen.
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