LONDON (CelebrityAccess) — Harry Shearer, Christopher Guest, Michael McKean, and Rob Reiner, the creators of the cult classic mockumentary film This is Spinal Tap, announced they have resolved their legal dispute with Universal Music Group over the film’s soundtrack.
Under the settlement agreement, Spinal Tap’s recordings will continue to be distributed through UMG but the rights will eventually be given to the creators.
The $125 million dollar lawsuit, originally brought against UMG owner Vivendi and film distributor Studio Canal by Shearer’s Century of Progress Productions, alleged that the companies manipulated accounting information between its subsidiaries to underpay on royalties and merchandise related to the film.
The suit also alleged fraud, breach of contract, and anti-competitive business practices on the part of Vivendi, Studio Canal, and Ron Halpern, Studio Canal’s then-senior executive
Along with the suit, Shearer and company sought copyright termination and filed trademark applications to secure creative rights.
In announcing they had reached a settlement with UMG, Harry Shearer said: “I must admit, from the moment we first began mediation with them to now, I’ve been impressed by UMG’s respect for creatives and their distinctive desire to seek a prompt and equitable solution to the issues.”
“It was refreshing to be treated so constructively and with such courtesy by UMG and I’m pleased we have been able to resolve this,” Christopher Guest added.