Ryan Castro Wins Multi-Million Dollar Arbitration Case Against Colombian Artist-Owned King Records Kevin Roldanfor breach of contract.
According to a Colombian judge's ruling, the arbitration court ruled that King Records must pay Castro an amount in excess of $2 million. In addition, the decision grants the Colombian artist 100% ownership rights to all his phonograms and audiovisual works (Masters).
Last year, the self-proclaimed Cantante del Ghetto filed three lawsuits against Roldán's independent label, with the help of his lawyer and manager Leo Arango. The lawsuits, filed in Medellín, Colombia in April and May 2023, allege violations of management and record label agreements. A third lawsuit was subsequently filed, centering on breach of publishing agreements.
King Records is instructed to notify the aggregators, virtual playback channels, record companies and publishers responsible for collecting royalties of this change of ownership. With this decision, the Colombian performer gained his artistic freedom.
Castro's victory in the lawsuit comes after the release of his debut album El Cantante del Ghetto on May 10, an 18-track jaunt where traditional tropical music and contemporary pop-reggaeton collide, featuring artists such as Yandel, Arcángel, Blessd, Jowell & Randy and Akapellah.
“My career and my music are being respected the way I dreamed they would be,” Castro said Billboard News earlier this month. “For me, it's a triumph to be able to say that I have a song with Arcángel and that it's the focus of my album.”
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