Has SC Finally Gone The Way of CB?
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https://www.youtube.com/watch?v=I0e-1R6Cwdk
Well I tried to get this link working, funny it worked on the Karaoke Scene but not here I wonder if SC got to the host who put it up? If you want to see the video check out Karaoke Scene Forum, in Piracy section under "Interesting video on the Sound Choice audit etc." For as long as it is still there.
Another way to watch the video is to go to youtube and look under "Legal issues you should consider before your Sound Choice audit". The video is about 7minutes and 15 seconds long.
I was able to locate the video buy searching for the title. Funny that it is at the URL you posted but the link doesn't work. The URL I copied is https://www.youtube.com/watch?v=I0e-1R6Cwdk which seems to work as a link.
That video was made back in 2012, but if the contract hasn't changed, only a fool would sign it.
That video was made back in 2012, but if the contract hasn't changed, only a fool would sign it.
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Kurt's lawyer Jim Harrington recently revealed on K/S forum what happened with the establishment of the new PhoenixLLC.
"That being said, Slep-Tone did sell substantially all of its assets for fair value;it was a real sale at arms length to PEP. As the name indicates there are others (besides Kurt) involved in this new venture, and they were uninterested in being invested in a company that has as-yet unresolved litigation, regardless of the likelihood of success in that litigation".
So Kurt did sell all of his assets, and the new partners aren't interested in the old SC unresolved suits. This is sort of confusing since the legal process and the licensing of the GEM product along of course with the Trademark are essentially all that is left of SC. It might be that legally this is a way to sell off assets of SC to this LLC. before the EMI suit is finished and SC is forced to pay up. Much in the same way CB dodged paying CAVS by having the company foreclosed upon.
In some vague way Kurt is still involved since he is listed on the papers as a manger/ organizer of the new LLC. It would seem strange that the new investors would set up an LLC, to carry on basically the legal process started by SC, since they are not interested in any old litigation started by SC.
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P.S. Jim further stated:
"In addition to the new programs and new production, we are working presently on some other activities that will broaden PEP well beyond what Slep-Tone was doing, and it made business, legal, and financial sense to create a new vehicle through which to conduct those activities as well."
Is this an admission by SC that they so damaged their name and Trademark that they had to form the LLC. , in order to provide new products? I still think we aren't too far away from seeing the old SC company flounder under the weight of pending legal actions against it.
If EMI wins their case watch SC either go into bankruptcy or foreclosure. If so much of SC is in the hands of others, what good does it do to continue a dialogue with Kurt, since now he is only a minor player?
I kind of feel sorry for those KJs who depend on SC music for a large part of their library. They're stuck between either worrying about being sued or signing a contract that says that if they get screwed over they cannot sue. There is no more stability to the "look the other way" HELP system. Best case scenario is that SC just goes the way of all the others and nobody hears from them again.
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If SC does go into foreclosure or bankruptcy we will hear from them again. Just like CB went into foreclosure and emerged as DTE/WWDE, and Priacy RecovveryLLC. The game never ends unless you just drop the SC label. Fortunately most of the brands just went the way of the buffalo, and fell into the free ware zone.
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I think the possibility of such a recall is greater than Jim or Kurt really want to admit. They have felt enough pressure to announce a reimbursement formula on K/S forum. This new program is being offered by Phoenix, see they are already using the new company name. Under this new program any hosts that licensed GEM after February 25, 2015 will get reimbursed. I guess if you licensed your GEM on February 24th you are out of luck.
This seems highly unfair to all of the early bird licensees like Danny 2006 he was the first, wasn't he? It is par for the course for this company, however. to screw all their long term customers, in order to obtain new customers with new money. They really have now shame.
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