The King's estate says Arista Music owes $9 million in unpaid royalties
Elvis Presley's estate is suing Arista Music, one of Sony’s labels in Germany, claiming that they owe as much as $9 million in back royalties.
The estate claims that Arista, which was formerly RCA, is exploiting a 1973 $5.3 million buyout of the singer’s back catalog, according to NME. RCA bought the recordings, with the profits to be split down the middle between the company and Colonel Tom Parker, Presley’s manager.