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
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.
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.
January 25, 2001 |
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.
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.
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.