Wednesday , June 19 2024

NIN’s Reznor Awarded $3mil in Suit

I had honestly thought that based upon court testimony and my understanding of the industry that Nine Inch Nail’s Trent Reznor had a real bad business arrangement with his former manager John Malm, but that it wasn’t illegal (details of the case here).

I thought Trent’s caveat had been emptored by his own inattentiveness to business detail.

But I was wrong, way wrong. Last Friday, a jury in Manhattan found Malm breached his contract and acted fraudulently, awarding Reznor $2.95 Million, which will rise to over $4 million when interest is added to the total, according to his attorney Zia F. Modabber.

Modabber told AP that when he called Reznor, who is on tour, with the verdict, “He was almost silent at first. It’s still sinking in. It’s been a difficult thing for him in a lot of ways. They were very, very close friends.” (see ’93 interview with Malm here)

Clearly the jury felt that Reznor’s arrangement with Malm, including 20% of his gross rather than the industry standard net, was beyond the pale and said so with its award.

Modabber also said that the lesson musicians should learn from the case is to “maintain some separateness and independence and resist the temptation to hand everything in your life over to one person with no outside scrutiny whatsoever.”

(Trent in court garb)

Reznor also just announced that NIN is pulling out of a performance at the MTV Movie Awards because the network objected to his George W. Bush performance backdrop.

About Eric Olsen

Career media professional and serial entrepreneur Eric Olsen flung himself into the paranormal world in 2012, creating the America's Most Haunted brand and co-authoring the award-winning America's Most Haunted book, published by Berkley/Penguin in Sept, 2014. Olsen is co-host of the nationally syndicated broadcast and Internet radio talk show After Hours AM; his entertaining and informative America's Most Haunted website and social media outlets are must-reads: Twitter@amhaunted,, Pinterest America's Most Haunted. Olsen is also guitarist/singer for popular and wildly eclectic Cleveland cover band The Props.

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