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Stock impact report

Hendrix Bandmates’ Estates Lose Court Case Against Sony Music [Forbes]

Sony Group Corporation American Depositary Shares (SONY) 
Company Research Source: Forbes
The royalty lawsuit filed by the estates of former Jimi Hendrix Experience bandmates, bassist Noel Redding and drummer Mitch Mitchell, has been dismissed by the U.K. High Court. The judgement determined that the claimants were not co-owners of the copyrights in Hendrix's recordings and therefore that Sony Music had not infringed their copyright. The decision, handed down on Tuesday, April 28, is the outcome of a lawsuit filed over copyright and performers' rights related to the group's three hit albums released between 1967 and 1968. The complainants sued Sony Music, although the company's barrister, Robert Howe KC, says that it is merely distributing Hendrix's music under license from his estate. The albums were originally released by Polydor Records in the U.K. and around the world, and by Reprise Records in the U.S. The London court ruled that under the Recording Agreement made in 1966, manager Michael Jeffery (d. 1973) and co-manager and producer Chas Chandler (d. 1996) exclu Show less Read more
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