February 23, 1999 |
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.
October 10, 2003 |
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.
June 20, 2001 |
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.
May 7, 1989 |
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.
March 25, 2003 |
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.
November 30, 1997 |
* * * 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.