US: Enrique Iglesias sues Universal over streaming royalties

Pop star Enrique Iglesias has accused his former label Universal of short-changing artists while benefiting from the soaring growth of streaming as he filed a lawsuit for breach of contract.

“Universal has been systematically underpaying Iglesias’ streaming royalties by calculating those royalties at a small fraction of the contractually required 50% royalty rate,” said the lawsuit filed in Miami, where Iglesias lives.

The lawsuit alleged that the 42-year-old heartthrob has lost millions of dollars “even though Iglesias has generated sales of a magnitude rarely attained in the music industry.”

Iglesias said that the Universal Music Group, which is the world’s largest record label conglomerate, refused his requests to inspect its records.

The son of legendary Spanish crooner Julio Iglesias, Enrique has achieved a booming international career with his fusion of ballads, reggaeton and pop as well as his on-stage sex appeal.

Full Content: Reuters

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