UMG Settlement Could Mean Millions For Courtney
As tipped here last week, Courtney Love is nearing a settlement with Universal Music Group's Geffen Records over her highly publicized suit to get out of her recording contract, sources said. The suitAs tipped here last week, Courtney Love is nearing a settlement with Universal Music Group's Geffen Records over her highly publicized suit to get out of her recording contract, sources said. The suit is slated to go to trial Tuesday (Oct. 1). Under the terms of the deal, Love is expected to be released from her contract and will get a multimillion-dollar advance on the projected earnings of forthcoming Nirvana archival releases.
In recent days, a song intended for those projects has surfaced all over the Internet and has been played on some U.S. radio stations. Geffen sent a cease-and-desist letter to Philadelphia's WPLY-FM, insisting that it stop playing "You Know You're Right." The track will potentially be included on a "greatest hits" album and a more extensive box set, which have been held up by litigation between the trio's surviving members, Dave Grohl and Krist Novoselic, and Love, widow of frontman Kurt Cobain. Love said last week on "The Howard Stern Show" that these suits have been settled.
WPLY has posted a copy of the cease-and-desist on its official Web site, along with similar legal missives recently sent on behalf of Pearl Jam and Audioslave. Representatives for UMG and Love were not available for comment.