Loud n' Live CEO given 1½-year suspended sentence and one-year business ban over unpaid royalties
Loud n' Live CEO Kalle Keskinen has been given a 1½-year suspended prison sentence and a one-year ban on running a business after a court convicted the company's management over unpaid Teosto royalties from 2015–2022.
According to Tamperelainen, Loud n' Live Promotions Oy's management has been convicted in a case over unpaid Teosto royalties from events held between 2015 and 2022. CEO Kalle Keskinen was handed a one-and-a-half-year suspended prison term and a one-year ban on running a business.
The dispute covered events such as Tampere City Festival, Vauhtiajot, Helsinki City Festival and Tapiola Festivaali.
Keskinen said in a company statement he "still absolutely denies any intentional wrongdoing" but accepted responsibility as CEO for inadequate administrative processes, blaming limited expertise and excessive workload. Loud n' Live said the decision will not affect upcoming events and that festival and concert preparations will continue as normal.
Catch the full story over at Tamperelainen
