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Pop duo LMFAO are facing a $7 million lawsuit from their former managers.

The stars, uncle and nephew Stefan ‘Redfoo’ Gordy and Skyler ‘SkyBlu’ Gordy, have been sued by bosses at personal management company RPM GRP, who claim the band signed a deal with them in 2008 but later ditched the contract and hired two of the firm’s former employees to manage them instead.

The lawsuit, filed at Santa Monica Superior Court in California, accuses the duo of breach of contract, tortuous interference and accounting.

The papers state, “LMFAO has thanked the managers who took them from ‘0 to 60’ by throwing them under the tour bus (i.e. firing them). Instead of hiring new managers, LMFAO then poached two employees of the original managers, hiring them on a salary instead of paying a commission to the original managers.”

Gone are the days when artists and managers have a 20 years relationship like U2 and Paul McGuinness. Other artists such as Metallica as well as Britney Spears also enjoyed long lasting business relationships with their managers. The rock band Kiss has been managed by Doc McGhee since 1996.

Veteran management team DAS Communications demanded $14 million in damages after they were fired from Pop star Ke$ha who they described as “a very young and inexperienced artist whose ‘star’ may not continue to rise.” According the papers filed she has made an incredible amount of money in a very short period of time, in large part due to DAS efforts.

Taylor Swift’s former manager also sued country singer for millions of dollars, arguing she owes commissions from a contract she signed with him in 2004, according to RollingStone.com. In July 2005, Swift’s father Scott fired Dan Dymtrow and the singer signed with record label Big Machine. Dymtrow claims he was fired because Swift’s family didn’t want to pay his commission after he helped the singer’s music career take off.

The artist and the manager generally begin on good note. In most cases, the manager will find an opportunity or negotiate a deal that will set the stage for success. The probabilities are low, but if the song reacts with the public and finds it self on top 40 radio, the artist is set to make several million from publishing and performances. Managers are generally paid a percentage of the band’s income, often 15% to 20%.

The manager makes more money as the band popularity grows since the income of the musicians is directly tied to the income of the managers. According to several seasoned managers in the music business the band begins to look at management as an expense rather than something of value. Instead of paying a manager 2 million dollars to manage a multimillion dollar business, the artist will hire salaried employees for half the cost.

In some cases, artists have hired family members only to find themselves in a financial disaster. For instance, Beyonce fired her father as her manager. Live Nation told Beyonce that Matthew Knowles had taken money from her that he was not entitled to as her manager.

 

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Update/News: NTS will perform on the main stage at the 2012 Florida Music Festival. The band will perform this Saturday April 21st at 10pm on the House of Blues Orlando Rocks.

Buzz Track: Career Romance

Not Tonight Josephine has garnered the title “Tampa FL’s Most Buzzworthy Rock Band” since the release of their debut EP, This Orphan Heart. The band has shared the stage with Anberlin, Sick Puppies, Framing Hanley, etc. The band’s YouTube video of “All That She Wants” cover reached over 200,000 views which came off the first full length album, All On The Horizon produced by Brett Hestla (Creed Dark New Day, Framing Hanley).

Contact: nottonightrock@gmail.com

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Dick Clark, the music industry maverick, longtime TV host and powerhouse producer who changed the way we listened to pop music with “American Bandstand,” and whose trademark “Rockin’ Eve” became a fixture of New Year’s celebrations, died today at the age of 82.

      MORE Indie Invaders / POSTED BY: KINGSOFAR

Buzz Track: How Bad We Need Each Other

Marc is published by Sony ATV and recently had his song, “How Bad We Need Each Other,” featured on Fox’s TV show, Bones. The song ‘How Bad We Need Each other’ shot to number two on iTunes Singer/Songwriter chart and stayed in the top ten for a week. His EP will come out this June on Hickory Records/Sony ATV. He is the BMI pick of the month and will perform Arlene’s Grocery Thursday, April 19th.

Contact: info@marcscibilia.com

      MORE Indie Invaders / POSTED BY: KINGSOFAR

Buzz Track: I Don’t Like You

Pop/rock act The Como Brothers Band just released an EP ‘The Speed of Sound’ and worked with Mike Watts, Steve Haigler, and Tom Flynn (Muse, The Pixies, Brand New). The song ‘I Don’t Like You’ has already received close to 800,000 YouTube streams. They often perform at The Bitter End and The National Underground. You can visit their Facebook for upcoming show dates.

Contact: comobrothersband@yahoo.com

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