but anyone who thinks a court order of $3 has put him in the poor house is crazy.

stichdoll said:

copy print and save

xlr8r said:

he's still got a few court orders coming down, don't forget. one $3 million pay-out isn't going to break up. i just wonder how many more checks he'll be writing for this stuff this year.

I have a feeling he's going to have a lot of fraud cases opened on him by various credit and banking instutions in the next few days. On top of his other legal and financial matters that he appears to not be attending to.

With all the latest lawsuits and bills... I dunno

Or will he quietly cough up the bux he owes?

What some people don't grasp is, bankruptcy is not usually about net wealth, its about cash flow.

What some people don't grasp is, bankruptcy is not usually about net wealth, its about cash flow. It starts will administration and insolvency and can often spiral to bankruptcy if the house is not in good order.

Prince has got cribs, cars, back catalog etc etc, but if he doesn't maintain a good cash flow, then his heavy monthly outgoings on things like Paisley Park will drag him down. The studio has been a noose around his neck for 20 years, but pride won't let him shut it.

If Prince does indeed have plenty of cash stashed as some believe, then why has the date lapsed for him to pay the Dublin money?

If its to be obtuse, then he's a chump becasue he'll potentially effect his credit rating accross the whole of the EU, his biggest potential money making market.

If its stupidity, then he gets what comes to him.

If its cash flow, then its a hell of a problem to get out off if he is having to pay lawyers left right and centre to fight the vultures at the door.

On the bright side, if it is cash flow, then maybe WB will bail him out for the chance to remaster the classics?!

SquirrelMeat said:

This is Prince here...come on...he's got the money and he'll pay them off one at a time ..he's aware of the sharks in the music business .... he'll come out fighting as he always does...

RodeoSchro said:

The lyric was sensationalism. Puffy talked a lot about flying big ass jet planes but admitted later that he couldn't afford that. And Prince has WAY more money than Puff.

Your list was only 2004 onwards. He still makes a fucking TON of royalties from the WB days. Think about how much airplay he gets around the world. It's a LOT. Prince gets paid everytime one of his songs is played on the radio, anywhere, or a video shown on TV. He has percentage points on Purple Rain DVD/Blu-Ray sales too. Diamonds and Pearls was re-released on DVD recently too. The albums sell a lot on their own, too (physically AND digitally).

I know artists that make BANK on songs they've been CO-writers of that have been minor hits. Prince is a worldwide megastar and has 100% of the writing credits on damn near all of his hits.

Let's not forget songs like "Manic Monday" and Sinead's cover of "Nothing Compares 2 U".....who gets paid when those songs are played anywhere? (And they still get a lot of airplay too) - Prince does. Even lesser known covers like the Tom Jones "Kiss" cover get played a decent amount. Think about rappers who have sampled Prince and had hits - there's a fair few. Tupac is just ONE example, he sampled Prince on at least 3 or 4 released songs (and even more unreleased ones but those don't count). Jay-Z & Beyonce's song "Bonnie & Clyde '03" was a hit, and Prince has a writers credit on that because they used lyrics from "If I Was Your Girlfriend".

Also, when artists cover Prince songs live - he gets paid. Serious artists/venues I mean, not shitty bar bands.

You also didn't include merchandise revenues for the Musicology/3121 Vegas/London tours. That shit is substantial as well.

I'm sure there are other things that haven't been mentioned too.

RubyButterfly said:

It's...complicated lol.

He is Little Richard personified.

SquirrelMeat said:

Hey I don't mean to get all boring internet grammar/vo-cab Nazi on ya'll, but this is an extremely egregious misuse of the word 'personified'. Little Richard is Little Richard personified. He can't be personified by Prince because Little Richard is not an inanimate object.

Just say'n. Cheers!

erik319 said:

Its a dumb question lol.

xlr8r said:

I'm really smart and I have the whole weekend off, so explain it.

xlr8r said:

uh..no it isn't

RodeoSchro said:

It's something I use that was in ancient greeek mythology called objectivity and common sense.

LondonStyle said:

I want Warner to resign the slave!!!!!

RubyButterfly said:

lol bingo g money. They think because they are on the intenret all day every day here they know the ins and outs and thought porocesses of another pop stars mind, enterprises, etc etc.

Yall (in general) are very out of touch but do not realize it.

xlr8r said:

I love u because ur so

What some people don't grasp is, bankruptcy is not usually about net wealth, its about cash flow. It starts will administration and insolvency and can often spiral to bankruptcy if the house is not in good order.

Prince has got cribs, cars, back catalog etc etc, but if he doesn't maintain a good cash flow, then his heavy monthly outgoings on things like Paisley Park will drag him down. The studio has been a noose around his neck for 20 years, but pride won't let him shut it.

If Prince does indeed have plenty of cash stashed as some believe, then why has the date lapsed for him to pay the Dublin money?

If its to be obtuse, then he's a chump becasue he'll potentially effect his credit rating accross the whole of the EU, his biggest potential money making market.

If its stupidity, then he gets what comes to him.

If its cash flow, then its a hell of a problem to get out off if he is having to pay lawyers left right and centre to fight the vultures at the door.

On the bright side, if it is cash flow, then maybe WB will bail him out for the chance to remaster the classics?!

SquirrelMeat said:

And what no-one seems to grasp is that late payment is the norm, particularly for big payouts. So, instead of stupidity, or laziness, this could be his accountants being clever and holding back on 3/4million worth of payments for as long as possible, because the net interest will be worth more than any fines or penalties.

I've said this on plenty of threads but very few seem to consider it - jeesh, yes, he's getting sued here and there and he's holding back on payment. Why does everyone have to assume that's an alarm signal - seems like normal business practice to me!

With all the latest lawsuits and bills... I dunno

Or will he quietly cough up the bux he owes?

Mindflux said:

surely it's backfiring somewhat when official government entities (the tax assessor, a judge) are resorting to making the numbers VERY public.

SquirrelMeat said:

This is Prince here...come on...he's got the money and he'll pay them off one at a time ..he's aware of the sharks in the music business .... he'll come out fighting as he always does...

luv4u said:

He ain't broke. Not by far.

However, if Prince continues the path he is on now, his living expenses will rise sharply, while his basic income (his fans) will go down sharply.

Then, in time, he may get into really big financial troubles, but that's still a long way to go. The man has got a huge bank account and a lot of property to sell or pawn.

And he could always play Vegas and rich man parties.


--
[Edited 3/26/10 11:32am]

LondonStyle said:

Yeah, I think it's mostly a complete lack of interest and care about these matters. Thas is stupid and could become dangerous if he doesn't get his house in order in time, but I think Prince has shown before that while he is always late, he laso always manages to do 'just' fix it. One can never keep that up their entire life tho'....

SquirrelMeat said:

And what no-one seems to grasp is that late payment is the norm, particularly for big payouts. So, instead of stupidity, or laziness, this could be his accountants being clever and holding back on 3/4million worth of payments for as long as possible, because the net interest will be worth more than any fines or penalties.

I've said this on plenty of threads but very few seem to consider it - jeesh, yes, he's getting sued here and there and he's holding back on payment. Why does everyone have to assume that's an alarm signal - seems like normal business practice to me!

Prince got more bills than Tiger Woods got Whores! What next? Universal gonna sue Prince for having them promote and mini-tour for Tamar's album which never saw the light of day? Stay tunned!