Lit Settles $800,000 Streaming Royalties Lawsuit Against Sony Music Over 1998 Contract Clause

Rock band Lit has settled an $800,000 lawsuit against Sony Music over streaming royalties for their 1990s catalog, including their hit "My Own Worst Enemy." The lawsuit, filed in 2023, challenged Sony's interpretation of a 1998 contract clause that defined royalties for "masters" but allegedly did not account for modern streaming revenue. The settlement was reached in principle, as noted in a July 7 court filing, avoiding a trial over whether Sony underpaid the band by classifying streaming income under a lower royalty rate meant for physical sales and downloads.