Universal Music Group archivist issues statement to staff downplaying losses of 2008 fire
estate, among others, have filed a lawsuit alleging breach of contract and requested $100 million in damages. "Many of the artists who have spoken out did so based on their concerns after reading their names in the," Kraus wrote. "We have subsequently communicated with many of these artists following their public comments and in many cases we've been able to reassure them about the status of masters of their performances.
"By now they should have a fairly decent macro view of what happened with the fire," he says. "It's all there, it's all been documented, it's been 11 years. Yes, [current UMG officials, including Kraus] are new to this. But the fire isn't new and they're in charge of it. That's disappointing.
However, Universal’s review of what assets were lost is still in its early stages. “Our work is just beginning,” Kraus writes. He closes on a reassuring note: "Our assets are safely housed in temperature-controlled, secure facilities strategically located near our key operations centers. Our global team of archivists regularly and continuously care for our masters and other recorded media, to ensure the music will be available to fans today and for generations to come.”
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