#Chris Cornell’s Wife Vicky Cornell Sues Soundgarden Over Proposed Buyout Offer
“#Chris Cornell’s Wife Vicky Cornell Sues Soundgarden Over Proposed Buyout Offer”
The lawsuit alleges that Soundgarden’s buyout offer was not in good faith, and that the proposed figure “does not amount to the royalties that Vicky received from Soundgarden’s master recordings in 2018 alone.” The complaint added that Soundgarden made their buyout offer to Cornell after receiving an offer from a music investor, who offered to purchase Soundgarden’s master recordings alone for $16 million.
Cornell’s complaint states that she was forced to file the lawsuit after making two counter-offers to the band. On December 17, 2020, she counter-offered Thayil, Cameron, and Shepherd $4 million each for their collective interests in Soundgarden. The band subsequently rejected the offer, stating that they had no interest in it “because these interests represent their creative life’s-work.” Cornell then offered each member $7 million, which they rejected.
The suit claims that a good faith valuation would “account for the significant revenues to be earned from the band’s merchandise sales and account for the lucrative, nostalgia-fueled projects that follow the passing of rock and roll icons—e.g., future tours using a replacement lead singer (as Queen did by substituting Adam Lambert for Freddie Mercury); posthumous concert appearances by a hologram of Chris (as Tupac Shakur, Michael Jackson, and Elvis Presley have profitably performed); and deep-fake renditions of Chris’ vocals drawn from extant recordings by artificial intelligence thatcould mint brand new Soundgarden hits.”
Because Vicky Cornell and the remaining members of Soundgarden cannot agree on Chris Cornell’s interest in the band’s assets, Vicky Cornell seeks a judicial determination of the buyout price.
Vicky Cornell’s attorney Marty Singer offered the following statement to Pitchfork:
A representative for Soundgarden wrote:
In December 2019, Vicky Cornell sued the remaining members of Soundgarden over missing royalty payments. Last February, the band filed a response, stating that the recordings tied to those royalties are property of the band.
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