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Bob Marley Missed Forbes' Highest Earning Dead Celebrity list Featured

Archive Written by  aka Sunday, 29 April 2012 16:16 font size decrease font size increase font size 0
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A few years ago, Bob Marley's estate was earning a robust US$7 million per year, but over the last few years, earnings have been declining, maybe because certain songs no longer belong to the estate. This year, the iconic singer missed the Highest Earning Dead Celebrities' list put out by Forbes every year. The benchmark for inclusion on the list is US$6 million.
The Jamaican singer's catalog remains consistent, though some of Marley's most popular works no longer belong to the estate. A line of headphones was recently produced by House of Marley, with 14 models and styles, ranging from earbuds to studio-quality headphones. In 2010, the Marley estate lost a key lawsuit regarding the copyright of his songs. UMG is the rightful owner to five of Marley's albums recorded between 1973 and 1977 for Island Records. These are some of Marley's best known records, including Burnin' and Exodus, and include hits like "Get Up, Stand Up," "I Shot the Sheriff," "No Woman, No Cry" and "One Love."

The family was seeking millions of dollars in damages, claiming UMG was trying to "exploit...the quintessential Bob Marley sound recordings." They also claimed the company intentionally withheld royalties, despite an agreement in 1995 that gave them rights to the songs. The main blow was when UMG signed a deal with mobile carriers to offer Marley ringtones without the family's consent.

The court ruled, however, that the albums were "works made for hire" and therefore belonged to UMG.

Read 3640 times Last modified on Sunday, 29 April 2012 16:22

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