Billy Corgan Sues Distributor Over Unpaid Revenues
By Kevin Rutherford
Billy Corgan has sued a Los Angeles music distributor, claiming the company owes him money from revenues made off his music.
According to The Hollywood Reporter, Corgan filed a lawsuit in Los Angeles Superior Court, alleging that he hadn’t been properly paid by L.A.-based Rocket Science, Inc. and Skyrocket Holdings, LLC. for some back revenue on his music.
Corgan and the distributor entered into an agreement at the beginning of 2010 that gave the company exclusive rights to distribute some of his music. However, around September 2011, Corgan claims, the revenue payments ceased.
The Smashing Pumpkins frontman is also alleging that Kevin Day, the main executive behind the distribution company, didn’t handle the money correctly, such as using business funds to pay for his own expenses.
Corgan’s suit is ultimately for breach of contract. The Smashing Pumpkins’ 2009 album Teargarden by Kaleidyscope was distributed through Rocket Science.
The Smashing Pumpkins are currently at work on two different studio full-lengths, with plans to release in 2015. Motley Crue’s Tommy Lee will play drums on one of the albums, Monuments to an Elegy.