Wednesday July 23, 2008 6:06 am
No Love for Courtney
Courtney Love, movie star, singer and widow of famous rocker Kurt Cobain, is being sued for failing to provide a percentage of her earnings from Nirvana’s publishing rights.
According to the five-page suit filed against Love, she entered into an oral agreement to pay 5% of her $19.5 million take - $975,000 to be exact.
The firm, London & Co., did not make it clear in the suit when Love sold these rights off. The paperwork could refer to an April 2006 agreement in which Courtney sold 25% of her Nirvana assets to Larry Mestel, a former executive at Virgin Records and founder of Primary Wave Music Publishing. Love’s 25% portion of Nirvana rights, by the way, was larger than the combined assets of Nirvana members Dave Grohl and Krist Novoselic.
No one from Love’s camp has commented on the suit thus far. When Kurt Cobain died from a self-inflicted gunshot wound in 1994, Love became the heir to 98% of the rights for Nirvana.
E! Online
- Related Tags:
- courtney love, kurt cobain, lawsuit, money, nirvana, publishing, rights, sued
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