30 Seconds To Mars are being sued by their record company, Virgin/EMI, for in excess of $30 million for "breach of contract."
According to a lawsuit flied at the Los Angeles Superior Court this past Friday (August 15) Virgin Records accuse 30STM frontman Jared Leto and his drummer brother Shannon, of not delivering three of the five albums owed to the label under their recording contract.
"So, as you may have heard we are being sued by our former record company for the ridiculously oversized, totally unrealistic and pretty silly (but slightly clever) sum of $30,000,000," joked the band in an official statement. "Insane? Yea that's what we said too.
"We have been sued by the corporation quite simply because roughly 45 days ago we exercised our legal right to terminate our old, out of date contract, which, according to the law is null and void," the statement continued. "If you think the fact that we have sold in excess of two 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. That the next record we make will be used to pay off that old supposed debt just makes you start wondering what is going on. Shouldn't a record company be able to turn a profit from selling that many records? Or, at the very least, break even? We think so."
For the full statement, click here.
guys can sb say where i can get this issue?be