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				 The blaze, which gutted a popular "King Kong" attraction and a 
				swath of the studio's fabled outdoor lot, also destroyed nearly 
				all the master recordings stored there in a Universal Music 
				Group archive, a loss that has long gone undisclosed, the 
				magazine reported on Tuesday. 
 Universal Music estimated in a confidential 2009 report that the 
				loss encompassed about 500,000 song titles, the article said.
 
 In a statement on Wednesday, the company called the incident 
				"deeply unfortunate," but said the Times story contained 
				"numerous inaccuracies, misleading statements, contradictions 
				and fundamental misunderstandings of the scope of the incident."
 
 The extent of the loss, documented in litigation and company 
				records the article cited, was largely kept from the public eye 
				through a concerted effort on the part of the music label, the 
				magazine said.
 
 Many of the artists whose own material was reported to have been 
				destroyed expressed shock.
 
				
				 
				"Oh my Lord ... this makes me sick to my stomach," 
				singer-songwriter Sheryl Crow wrote on Twitter, posted with a 
				link to the article. "And shame on those involved in the coverup."
 The rock band R.E.M said in a Twitter statement that concerned 
				fans were making inquiries. "We are trying to get good 
				information to find out what happened, and the effect on the 
				band's music, if any," the group tweeted.
 
 Original sound recordings of many of the greatest names in 
				popular music since the 1940s - from Louis Armstrong and Judy 
				Garland to Tom Petty and 50 Cent - are believed to have gone up 
				in smoke in what the article described as "the biggest disaster 
				in the history of the music business."
 
 Master recordings are typically owned and controlled by the 
				music labels for the artists in their catalog. But they are seen 
				as vital to musicians' legacy as they are original, 
				one-of-a-kind recordings considered the truest representation of 
				sounds captured in the studio.
 
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			Masters are the source material for all reproductions, including 
			re-releases and remixes, made for distribution, whether on digital 
			medium or vinyl.
 Universal Music Group, now owned by French media conglomerate 
			Vivendi, said the fire "never affected the availability of the 
			commercially released music nor impacted artists' compensation."
 
 The New York Times article "ignores the tens of thousands of back 
			catalog recordings that we have already issued in recent years, 
			including master-quality, high-resolution, audiophile versions of 
			many records that the story claims were 'destroyed,'" Universal 
			Music said.
 
 Irving Azoff, manager for the group Steely Dan, said in a statement 
			that the musicians had "been aware of 'missing' original Steely Dan 
			tapes for a long time now."
 
 "We've never been given a plausible explanation," Azoff said. "Maybe 
			they burned up in the big fire. In any case, it's certainly a lost 
			treasure."
 
 Krist Novoselic, a founding member of the 1990s grunge band Nirvana, 
			responded to a fan on Twitter asking whether the Times article meant 
			that the masters for the group's landmark "Nevermind" album were 
			gone. He wrote: "I think they are gone forever."
 
 (Reporting by Lisa Richwine and Steve Gorman in Los Angeles; Editing 
			by Leslie Adler)
 
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