Press Releases | | Feb 01, 2016
Cash Money Records owes Orange Factory Music $1.14 Million in Royalties
J. Christopher Hull, CPA, Partner of Prager Metis CPAs was qualified as an expert witness in music industry royalty accounting, as well as revenue and expense issues for recording companies. Mr. Hull was qualified pursuant to Federal Rule of Civil Procedure 702. He testified in the federal case Orange Factory Music, LLC vs. Cash Money Records, Inc.
Mr. Hull’s testimony was instrumental in the decision that Cash Money Records owes Orange Factory Music $1.14 million in royalties. This is for lost royalties owed for master recordings produced for Jay Sean in 2012. The lawsuit against Cash Money included several songs that Orange Factory Records produced under contract as well as some produced without a written
Mr. Hull was hired by the plaintiff ‘s attorney Brian Caplan of the Law firm Reitler Kailas & Rosenblatt, LLC. During the trial, Mr. Hull testified that he performed a royalty audit of the defendant’s records, including an examination of its financial accounts and records. He based his report on royalty accountings provided to Plaintiff by Universal Music Group, who manufactures, distributes and assists in the marketing and promotion of the defendant’s records.
“I am very happy to be recognized as an expert witness by the court. This was a challenging case, and I’m very pleased that the court ruled in the plaintiff’s favor for $1.14 million, says Chris Hull, Partner of Prager Metis CPAs. “I look forward to working on music industry royalty audits and testifying in future cases.