Following a years-long legal battle, Victory Records has lost its court case against Florida band A Day to Remember. And we're not talking small potatoes here, as the group have been awarded $4 million USD.
As Law360 reports, on Tuesday (November 22), an Illinois federal jury sided with A Day to Remember, who have been embroiled in a recording contract dispute with Victory since 2011. Following a two-week trial, the jury ruled the band had fulfilled their five-album deal with the label, despite Victory stating that they had not and in turn owed the label more money.
Now the label will be forced to pay the band $4 million USD for unpaid royalties and withheld proceeds from digital downloads and merchandise sales. The band also gained composition rights to their songs, while Victory gained control of sound recording copyrights.
Commenting on the verdict, A Day to Remember bassist Josh Woodard said: "Incredible, a little surreal, like you can breathe finally."
He also tweeted:
As Law360 reports, on Tuesday (November 22), an Illinois federal jury sided with A Day to Remember, who have been embroiled in a recording contract dispute with Victory since 2011. Following a two-week trial, the jury ruled the band had fulfilled their five-album deal with the label, despite Victory stating that they had not and in turn owed the label more money.
Now the label will be forced to pay the band $4 million USD for unpaid royalties and withheld proceeds from digital downloads and merchandise sales. The band also gained composition rights to their songs, while Victory gained control of sound recording copyrights.
Commenting on the verdict, A Day to Remember bassist Josh Woodard said: "Incredible, a little surreal, like you can breathe finally."
He also tweeted:
As of yet, Victory has not commented on the verdict.Best day of my life so far.
— Joshua Woodard (@joshuawoodard) November 22, 2016
