Sweden's The Hives lose court case against pop rivals The Cardigans
STOCKHOLM (AFP) - One of Sweden's most successful rock bands, The Hives, has to pay 18.5 million kronor (S$3.5 million) to Swedish pop group The Cardigans, a court ruled on Tuesday.
The dispute is one of several lawsuits embroiling Tambourine Studios, a recording studio in the southern city of Malmoe used by some of the country's biggest artists, which also handled the two bands' finances.
Tambourine had said it was standard practice for the company to transfer money from bands with high liquidity to those with less cash.
But The Hives claimed it was never told that some of the money the band was receiving was a form of loan from The Cardigans, whose biggest hit Lovefool topped global charts in 1997.