Early investor in Zac Brown Band not due royalties on individual track sales, appeals court rules

completemusicupdate.com:

An early investor in country outfit the Zac Brown Band has failed to overturn a previous court ruling that said he was not due a cut of monies generated by the sale of individual tracks by the band.

The Georgia Court Of Appeal has ruled that a lower court was right in concluding that a 2007 agreement only provided Braden Copeland with a royalty on album sales.Copeland first lent money to Zac Brown and his then fledgling band in 2006, to help fund recording and touring costs.

The following year a deal was done whereby, instead of Brown repaying the loans, Copeland would get a royalty right on the recordings he’d help fund, as well as cut of revenues from the band’s merchandise sales.That deal had two sections to it.