After an audit of Warner Bros. Records, Taylor said he discovered he's not receiving as much money from digital downloads of his songs as he thinks he should, The Hollywood Reporter reported.
Taylor said a contract with Warner Bros. Records, his former record company, states he should receive 50 percent of royalties from licenses, though according to the lawsuit, the company denies a digital download is considered a license.
Taylor's lawsuit, filed Thursday in Los Angeles Superior Court, seeks damages of about $2 million for royalties for digital downloads, as well as underpayment for foreign receipts, budget sales and the unauthorized use of the musician's songs on compilation albums. He is also seeking damages for allegedly receiving a smaller-than-expected share of the record company's $110 million settlement with Napster, Variety reported.
2014: The Year in Music [PHOTOS]