SONY ORDERED TO PAY OVER MEAT LOAF ALBUMS:
May 28, 2005
CLEVELAND – Sony Music was ordered to pay $5 million for not putting a Cleveland record company’s logo on Meat Loaf’s “Bat Out of Hell” album.
“Today, David beat Goliath,” said Cleveland record executive Steve Popovich, who hugged jurors after Friday’s decision.
A former talent scout who helped Epic Records land such superstars as Michael Jackson, Boston and The Charlie Daniels Band, Popovich created Cleveland International Records in 1977 and signed singer Marvin Lee Aday – stage name Meat Loaf.
He got Epic, a CBS Records subsidiary, to release “Bat Out of Hell,” which sold more than 30 million copies and was among the most popular records of all time.
Sony, which bought out CBS, paid $6.7 million to Popovich and others at the now-defunct Cleveland company in 1998 to settle a lawsuit over album royalties.
The settlement required Sony to place the Cleveland International Records logo on future Meat Loaf albums, but Sony delayed for more than a year. Sony claimed the omission was a mistake that it was later corrected.
Sony planned to appeal Friday’s decision.
Courtesy of www.ap.org