Glover, under his stage name Childish Gambino, release three albums on the label from 2011 to 2017, including the Grammy-winning “Awaken, My Love!” In July, Glassnote went to court, alleging that Glover was trying to claim 100% of streaming royalties from SoundExchange. SoundExchange pays for so-called “non-interactive digital performance royalties” — monies paid by such streaming services as Pandora, Spotify, SiriusXM and other webcasters which are considered digital radio.
Glassnote contended it was owed 50%, and that Glover and featured artists and producers were due the remaining half. Glover filed a counterclaim in September, alleging that Glassnote had underpaid various royalties and charged inappropriate expenses.
In a stipulation filed on Friday in the Southern District of New York, both sides agree to drop their suits. Both sides agreed to pay their own attorneys’ fees, but other terms were not disclosed.
A filing for declaratory judgment submitted to the Court on July 6 revealed that the label had already paid Glover $8 million over the life of the contract and was anticipating another $2 million in payments would come to him.
Glassnote, which was founded by Daniel Glass in 2007 and is based in New York, is represented by Loeb & Loeb in this matter.
Variety has reached out to Glassnote and Glover’s reps for comment.