Fact #166130
When:
Short story:
A meeting is held in New York City, USA, about the complex legal suit between Ed Chalpin's PPX Records and Jimi Hendrix (about his recording contracts).Full article:
Chas Chandler (co-manager, Jimi Hendrix] : Mo Ostin (head of Reprise Records) came to New York to see how the case was going, and he, Henry Steingarten (lawyer) and I went out to eat that evening. In the middle of the meal, I turned to Mo - who I got on great with - out of sheer frustration and said, 'What the fuck is going on here? We have writs against us, we can't get any cash and we're not getting a bit of help from Warner Brothers. You're not lifting a finger.' Mo threw up his hands and sighed, 'Chas, it's business. What can I say? At the end of the day, no matter who wins the case - you or Chalpin - Warner Brothers will be left with Hendrix.'
Surprised, I said, 'How do you work that out?'
'It doesn't matter to the business affairs office whether you have Hendrix or Chalpin does,' Ostin replied. 'We have the artist.'
'What do you mean, you have the artist?' When he mentioned Hendrix's 21 March, 1967 contract with the label, I blurted, 'You have a contract with Yameta! And Yameta is me!'
'What do you mean?' Ostin asked.
'You haven't got Hendrix's signature on a contract!'
'Of course we have,' Ostin interjected.
I told him, 'You better go back to California and check the fucking contract, because the only contract you have with Jimi Hendrix was signed by Yameta. If I lose, you lose.' The very next day, I sat down with fourteen lawyers from Warner Brothers and told them where they could shove the settlement agreement they had first proposed we sign. I walked out, went straight to Steingarten's office, broke into his desk, pulled out a big bottle of Four Roses from its hiding place and sat there drinking until Steingarten came back from the meeting - some five hours later - with the settlement. Warner picked up the bills, and gave Hendrix a three point hike in his royalty rate.
(Source : not known)
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Surprised, I said, 'How do you work that out?'
'It doesn't matter to the business affairs office whether you have Hendrix or Chalpin does,' Ostin replied. 'We have the artist.'
'What do you mean, you have the artist?' When he mentioned Hendrix's 21 March, 1967 contract with the label, I blurted, 'You have a contract with Yameta! And Yameta is me!'
'What do you mean?' Ostin asked.
'You haven't got Hendrix's signature on a contract!'
'Of course we have,' Ostin interjected.
I told him, 'You better go back to California and check the fucking contract, because the only contract you have with Jimi Hendrix was signed by Yameta. If I lose, you lose.' The very next day, I sat down with fourteen lawyers from Warner Brothers and told them where they could shove the settlement agreement they had first proposed we sign. I walked out, went straight to Steingarten's office, broke into his desk, pulled out a big bottle of Four Roses from its hiding place and sat there drinking until Steingarten came back from the meeting - some five hours later - with the settlement. Warner picked up the bills, and gave Hendrix a three point hike in his royalty rate.
(Source : not known)