Iglesias sent letters to Universal in 2017, objecting to the company’s accounting practices and demanding his payments get readjusted to reflect the 50 percent rate for streaming. Because of that omission, Iglesias believes that the company should pay him the 50 percent royalty rate, which Universal has not. The singer renegotiated his contract in 2010 to include two more albums, but Universal did not include a clause for streaming royalties. Streaming did not exist at the time, but Iglesias’ lawyers contend that fees from streaming fall into that category. The dispute centers on Iglesias’ 1999 contract, which included language that indicated that he would be paid a 50 percent royalty rate for digital and physical album sales, as well as “any type of use” not specifically mentioned in the contract. The lawsuit, which was filed in Miami federal court on Wednesday, alleges that Universal paid the “Bailando” singer a “small fraction” of the 50 percent royalty rate outlined in his contract for streamed music. The Latin singer, who left Universal in 2015, said that the label has been “systematically underpaying” him for royalties related to songs played on streaming music services like Spotify, SoundCloud and Pandora. Universal Music Group's shares jump in stock market debutīill Ackman calls it quits on his giant SPAC days after shareholder lawsuitĮnrique Iglesias slapped Universal Music Group with a lawsuit, claiming the record company owes him millions of dollars in royalty fees. K-pop mega group BTS drops Sony for Universal
![new enrique iglesias song 2015 new enrique iglesias song 2015](https://i.pinimg.com/originals/38/af/f9/38aff9841061f474fdd54f081894ee01.jpg)
Music labels clamor to buy pricey Sting and David Bowie catalogs