InfoAnda - Elvis estate taps finance firm to sue Arista |

Pakistanis angry over detentions in Times Sq. case
Monday, May 24, 2010
ISLAMABAD – Relatives of three men detained by Pakistan for alleged links to the suspect in the attempted Times Square bombing say the men are innocent.
They

Taiwan denies boycotting Australian film festival
Thursday, August 6, 2009

AFP - Thursday, August 6TAIPEI (AFP) - - Taiwan's Beijing-friendly government on Wednesday denied boycotting an Australian film festival amid a row over the e

Merkel's support dips, regional ally resigns International
Thursday, September 3, 2009

By Sarah Marsh and Noah Barkin

BERLIN (Reuters) - Chancellor Angela Merkel suffered a double blow on Thursday as a senior party ally in east German

Minister seeks closure of anti-Berlusconi websites
Wednesday, December 16, 2009
ROME (AFP) - – The Italian government moved Tuesday to close down Internet sites encouraging further violence against Prime Minister Silvio Berlusconi, who

Asian markets mixed after Wall Street rally
Wednesday, March 18, 2009

By ELAINE KURTENBACH,AP Business Writer AP - Wednesday, March 18SHANGHAI - Asia's stock market rally seemed to be running out of steam Wednesday, despite an

French forces: Rockets kill 3 at Afghan market | 16 November 2009
Donny Osmond dances to victory on "Stars" finale | 25 November 2009
Sombre TV show captivates Italian public | | 30 November 2010

Taiwan arrests presidential office employee | 14 January 2009

Forum Views () Forum Replies ()

Read more with google mobile : Elvis estate taps finance firm to sue Arista |

Edition: U.S. Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom Home Business Business Home Economy Technology Media Small Business Green Business Legal Deals Earnings Summits Business Video Markets Markets Home U.S. Markets European Markets Asian Markets Global Market Data Indices M&A Stocks Bonds Currencies Commodities Futures Funds peHUB World World Home U.S. Brazil China Euro Zone Japan Mexico Russia Afghan Journal Africa Journal India Insight Global News Journal Pakistan: Now or Never? World Video Politics Politics Home Front Row Washington Politics Video Technology Technology Home MediaFile Science Tech Video Opinion Opinion Home Chrystia Freeland Felix Salmon Breakingviews George Chen Bernd Debusmann Gregg Easterbrook James Pethokoukis James Saft John Wasik Christopher Whalen Ian Bremmer Mohamed El-Erian Lawrence Summers The Great Debate Unstructured Finance Newsmaker MuniLand Money Money Home Analyst Research Global Investing MuniLand Reuters Money Alerts Watchlist Portfolio Stock Screener Fund Screener Personal Finance Video Life & Culture Health Sports Arts Faithworld Business Traveler Left Field Entertainment Oddly Enough Lifestyle Video Pictures Pictures Home Reuters Photographers Full Focus Video Article Comments (0) Editor's Choice Mel Gibson settles for $750,000 with Grigorieva Venus's withdrawal eclipses U.S. Open action Americans not scrimping on clothes this fall: study "Harry Potter" picked top summer movie: poll Belak death adds to tragic off-season for league Titanium's popularity with jewelers growing Rapper T.I. out of prison, gets reality TV show Oscar De La Hoya says recently hit "rock bottom" Oyster gardeners reviving ailing Chesapeake Bay Video: China's growing taste for the grape Slideshow: Best of the Venice Film Fest Follow Reuters Facebook Twitter RSS YouTube Read Bones of bush icon Ned Kelly identified 01 Sep 2011 Five VA patients blinded by Avastin: report 01 Sep 2011 Exclusive: Perry sought to sideline nuclear waste site critic 01 Sep 2011 Exclusive: Condoleezza Rice fires back at Cheney memoir 31 Aug 2011 Police officer who had sex on duty won't face charges 01 Sep 2011 Discussed 177 Labor leaders must pay for parade if GOP banned, mayor says 121 White House to nominate Krueger as top economist 79 UPDATE 1-Obama warns Hurricane Irene flooding could worsen Watched Buenos Aires Fashion week sizzles Mon, Aug 22 2011 Lockheed Martin presents airship of the future Thu, Aug 18 2011 Experimental plane reaches 13,000 mph Fri, Aug 26 2011 Elvis estate taps finance firm to sue Arista Tweet Share this Email Print Related News "Hound Dog" songwriter Jerry Leiber dies at 78 Tue, Aug 23 2011 Analysis & Opinion Germany at the crossroads BofA MBS settlement shocker: Grais removes case to federal court Related Topics Entertainment » Fashion » Music » Germany » Elvis fans wait to tour Graceland during Elvis Presley's 75th birthday celebration in Memphis, Tennessee January 8, 2010. Credit: Reuters/Nikki Boertman By Terry Baynes NEW YORK | Thu Sep 1, 2011 6:27pm EDT NEW YORK (Reuters) - Elvis Presley's estate is turning to a litigation-finance firm to sue Arista Music in Germany for unpaid royalties from ringtones, downloads and apps that feature the icon's hit songs. UK-based Calunius Capital, the exclusive adviser to a $60 million litigation fund, is backing a lawsuit against Arista Music, formerly RCA Records. The lawsuit alleges that Arista exploited Presley in a 1973 buyout agreement that left the King with only a small share of the revenue from his sound recordings, according to a press release from Elvis Presley Enterprises. If the estate prevails or the case settles, Calunius Capital will share in the proceeds. Typically, a firm's returns range from 20 percent to 35 percent of any recovered proceeds or two to 2-1/2 times the amount invested, according to Christian Stuerwald of Calunius Capital. If the estate loses, the fund covers the costs, which in Germany include the winning side's attorney's fees. Plaintiffs are increasingly turning to litigation finance firms, mostly because of high litigation costs. The model is especially attractive for lawsuits in foreign countries where the risks are hard to assess, Stuerwald said. Elvis Presley Enterprises turned to Calunius Capital because the cost of bringing suit in Germany is high and Calunius has experience with complex suits in that country, said estate spokeswoman Alicia Dean. Under the 1973 agreement, initiated by RCA and Presley's manager, "Colonel" Tom Parker, RCA purchased the rights to Presley's back catalog of more than 1,000 recordings for $5.4 million, to be split evenly between Presley and Parker, the suit alleges. As a result of the contract, Presley received an annual payment of around $10 for the worldwide rights to each song - "conspicuously disproportionate" to the revenue RCA made from the master recordings, according to the suit. Sony Music Entertainment, the parent company of Arista Music, declined to comment on the litigation. Leslie Perrin, the chairman of Calunius, said the German Elvis suit was a carefully chosen investment. Elvis was stationed in Germany as a soldier in the Army, and the country is "Elvis crazy," responsible for 10 percent of the world's Elvis sales, Perrin said. In addition, amendments to German law have extended the term of copyright protection to 50 years from 25 after the artist's death, prolonging the estate's claim to royalties. The suit seeks more than $9 million in unpaid royalties dating back to 2002, in addition to a share of future revenue until 2023 when the copyright expires, according to Perrin. Under German copyright law, German courts also have the power to undo a disproportionate deal and substitute more equitable terms. The suit seeks "equitable remuneration" for the Elvis estate. The Elvis case is the first of Calunius' 20 lawsuit investments to be made public. In most cases, the opposing party is not even aware of Calunius' involvement, Perrin said. Elvis Presley Enterprises is represented by Boehmert & Boehmert in Berlin. (Reporting by Terry Baynes; Editing by Eileen Daspin and Steve Orlofsky) Entertainment Fashion Music Germany Tweet this Link this Share this Digg this Email Reprints Entertainment News From the Wrap Inside Revolution Studios' Library: Where Joe Roth Went Wrong 01 Sep 2011 Exclusive: The studio debuted in 2000 to high hopes, but confidential documents show how it spent too much money on star projects that left audiences cold Joe Roth Reflects on Revolution: ‘I Would Do Everything Differently’ 01 Sep 2011 "I would have been better off working on a few movies, bigger titles, than doing a piece of Sony’s slate.” James Gandolfini Lands in a 'Big Dead Place' for HBO 01 Sep 2011 Former "Sopranos" star will produce and possibly star in the adaptation of Nicholas Johnson's memoir about life in the Antarctic Madonna's 'W.E.' Gets a Big N.O. in Venice 1:47am EDT Madonna's take on the Wallis Simpson story is savaged by some critics, grudgingly tolerated by others We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above. Social Stream (What's this?) Edition: U.S. Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom Back to top Reuters.com Business Markets World Politics Technology Opinion Money Pictures Videos Site Index Mobile Legal Bankruptcy Law California Legal New York Legal Securities Law Support & Contact Contact Us Advertise With Us Connect with Reuters Twitter Facebook LinkedIn RSS Newsletters About Privacy Policy Terms of Use Our Flagship financial information platform incorporating Reuters Insider An ultra-low latency infrastructure for electronic trading and data distribution A connected approach to governance, risk and compliance Our next generation legal research platform Our global tax workstation Thomsonreuters.com About Thomson Reuters Investor Relations Careers Contact Us Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests. NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

Other News on Friday, 2 September 2011
U.N. panel's report says Gaza blockade was legal |
Iran charm offensive fails to ease nuclear fears |
Three remaining charges vs. Bonds dropped; Feds’ dismissal filling was “without prejudice”
Thousands march at Bahrain teenager's funeral |
US looks dominant at World Track and Field Championships
Lindsay Lohan gets tattoo of Billy Joel lyrics
Washington commemorates Sept. 11 attacks while security lapses linger
Brett Lawrie homers in eighth to lift Blue Jays over Orioles
Times editor declares war on personal religious beliefs
Obama's approval in Pennsylvania falls amid economic concerns
Thinking outside the traditional funding box
Belak’s death rocks NHL; former NHL enforcer found dead in Toronto
Four die in clashes between Puntland forces, militias
Amazon offers California jobs if it drops tax |
Judge rejects Oracle $1.3 billion verdict against SAP |
John Madden gets down-and-dirty talking Madden NFL |
Veteran Apple executive Eddy Cue gets expanded role |
Google wins antitrust victory in Ohio case |
Android vendors unfazed by Google-Motorola deal |
EU says Motorola deal will not impact Google probe |
Cher slams stupid bigots over son Chaz Bono |
Marc Anthony denies affair rumors over J.Lo split |
Gaddafi defiant as world frees Libya funds |
Number of patients who became blind due to Avastin increases
Ohio State suspends three more players for opener vs. Akron
FedEx Cup playoffs move to Boston for Deutsche Bank Championship
More Americans prefer rights over security
Gaddafi declares readiness for a long war
Two women journalists killed in Mexico City |
Australia PM vows not to quit amid leadership speculation |
Comcast-NBC Universal merger gets judge approval
Madoff trustee files $67.4 million lawsuit against Barclays
'The Walking Dead' to debut second season with 90-Minute episode
Japan PM picks relatively unknown finance minister |
August car sales in the U.S. rises 7.5 percent
Showtime renews "The Big C" for third season
Mexico arrests police officer over casino attack |
What's up, doc? Investors knock at China hospitals |
Clashes in Nigeria's Jos kill 22: morgue official |
Antler aphrodisiac livens up impromptu North Korea street market |
Starz to pull content from Netflix as talks fail |
AT&T prepares two-track plan to save T-Mobile deal |
China's Baidu launches mobile apps platform |
High-profile tech blogger launches VC fund |
Court battle looms between U.S. and AT&T, T-Mobile |
Gene Simmons of Kiss to wed longtime girlfriend |
Elvis estate taps finance firm to sue Arista |
Madonna thanks exes for encouraging movie career |
Hollywood films take on serious edge for fall |
EU agrees oil embargo as Syrians march against Assad |
U.S. issues travel alert as 9/11 anniversary nears but downplays Al Qaeda
Britney Spears invites Royal Couple to her "Femme Fatale "concert
Poll finds majority of Americans think nation in recession
Turkey expels Israeli diplomats after U.N. report |
Mike "The Situation" Sorrentino hooks up in tanning business
Batmobile up for grabs on eBay at $620,000
U.N. atom agency seeks rare Mideast nuclear talks |
Gene Simmons, Shannon Tweed to wed in October
Clashes erupt in flashpoint Sudan border state |
U.S. stocks decline as August jobs data upsets
Women politicians 'key to promoting rights'
Chinese tycoon says controversy could kill Iceland deal |
New cash transfer program to reach vulnerable communities
One in 25 business leaders could be psychopath
Media gets rare glimpse inside a North Korea market |
Millions hit by heavy floods in north and eastern India |
Netflix falls on Starz contract loss |
High-profile tech blogger launches VC fund |
Former WikiLeaks partners condemn document release |
WiLan starts patent litigation against Apple, others |
Best Buy cuts price of RIM PlayBook for weekend |
Garmin eyes Europe No.1 spot with Navigon |
China state paper urges Internet rethink to silence foes |
Google-Motorola deal won't end Android suits: Nokia executive |
Knightley stars in film on birth of psychoanalysis |
Rapper T.I. back in federal prison after luxury bus ride |
Hollywood films take on serious edge for fall |
Greece at new risk of being pushed off euro
Bodies of missing Tenn. mom, Jo Ann Bain, and daughter found
Female Breasts Are Bigger Than Ever
AMD Trinity Accelerated Processing Units Now in Volume Production
The Avengers (2012 film), made the second biggest opening- and single-day gross of all-time
AMD to Start Production of piledriver
Ivy Bridge Quad-Core, Four-Thread Desktop CPUs
Islamists Protest Lady Gaga's Concert in Indonesia
Japan Successfully Broadcasts an 8K Signal Over the Air
ECB boosts loans to 1 trillion Euro to stop credit crunch
Egypt : Mohammed Morsi won with 52 percent
What do you call 100,000 Frenchmen with their hands up
AMD Launches AMD Embedded R-Series APU Platform
Fed Should not Ignore Emerging Market Crisis
Fed casts shadow over India, emerging markets
Why are Chinese tourists so rude? A few insights

USD EUR - 1 year graph		BlogMeter 1.01