30 Seconds to Mars‘ frontman Jared Leto has responded to the shockingly large lawsuit filed by their label Virgin Records. In his open letter, he explains:
We had been signed to our record contract for 9 years. Basically, under California law, where we live and signed our deal, one cannot be bound to a contract for more than 7 years. […] It is a law that protects people from lengthy, unfair, career-spanning contracts. […] We have been sued because roughly 45 days ago we exercised our legal right to terminate our old, out of date contract, which, according to the law is null and void.
If you think the fact that we have sold in excess of 2 million records and have never been paid a penny is pretty unbelievable, well, so do we. And the fact that EMI informed us that not only aren’t they going to pay us AT ALL but that we are still 1.4 million dollars in debt to them is even crazier.
We have lost many of the people that were near and dear to us at Virgin/EMI and crucial to the success of 30 Seconds to Mars. There is not a single employee at Virgin Records who was working at the company when we signed.
Source 30 Seconds to Mars‘ frontman Jared Leto has responded to the shockingly large lawsuit filed by their label Virgin Records. In his open letter, he explains:
We had been signed to our record contract for 9 years. Basically, under California law, where we live and signed our deal, one cannot be bound to a contract for more than 7 years. […] It is a law that protects people from lengthy, unfair, career-spanning contracts. […] We have been sued because roughly 45 days ago we exercised our legal right to terminate our old, out of date contract, which, according to the law is null and void.
If you think the fact that we have sold in excess of 2 million records and have never been paid a penny is pretty unbelievable, well, so do we. And the fact that EMI informed us that not only aren’t they going to pay us AT ALL but that we are still 1.4 million dollars in debt to them is even crazier.
We have lost many of the people that were near and dear to us at Virgin/EMI and crucial to the success of 30 Seconds to Mars. There is not a single employee at Virgin Records who was working at the company when we signed.