polkadotbliss said:

this is fucking gold, Jerry, gold!-Banya

tell that cat to chill.....that is so wrong in dpoing business but so funny

xlr8r said:

I know right.

TheVoid said:

-----
Do you really think dude is going to go bankrupt over two million when he grossed over 100 million on his last big tour. The financial ignorance continues

Can't wait for the apologists to hit this thread.

Well, at least we're gonna be guaranteed some content soon.

missfee said:

I would make a joke about doing business on CP time but I wont

WetDream said:

There is no way 3 million is pocket change for Prince. He earns a fortune but spends even more.

Just reading through the threads here at the moment. Laughed out loud, this/we are princes biggest fan base online (or offline) What must he think reading through the threads. Time for a change purple guy. getting lonely in that symbol shaped castle?

Come back down to earth and save your career. Please, u can still do it.


[Edited 3/26/10 7:59am]

Rorywan said:

Don't you read the words in his songs..... he does not want to go back ... your stuck with the Prince you got ... he'll work to pay of his debt as he's always done and he'll do gigs in the manner he likes ...

He's been their and done that ... had the t-shirt and girls and cars ... he's just chillin....

he'll pop a dvd/blue-ray out and we'll all go out and buy it

laurarichardson said:

Do you have ANY sense of humour?

Rorywan said:

Don't you read the words in his songs..... he does not want to go back ... your stuck with the Prince you got ... he'll work to pay of his debt as he's always done and he'll do gigs in the manner he likes ...

He's been their and done that ... had the t-shirt and girls and cars ... he's just chillin....

he'll pop a dvd/blue-ray out and we'll all go out and buy it

Well, is that why we are hearing talk about Purple Rain 3? Of course he would just screw the pooch on that and likely owe someone else 6 million.

I don't doubt that he has the money for all these delinquent debts--taxes, studio engineer/soundmixing fees for Lotusflow3r, and this lawsuit settlement.

What he clearly does NOT have is good management & infrastructure to manage these matters, in part because he is a control freak and rather do it all alone with a personal assistant; and in part, because he probably does not want the responsibilities of payroll, etc. (which means hiring even more people).

He seems to rather pay-as-you-go when he needs professional services. The problem with that approach of course is that stuff falls through the cracks when there isn't anyone whose job it is to manage the whole process.

When he was doing the small-house indie thing, it worked (but even then he had in-house designers, web maintainers, etc.). But there's a big difference between what he was doing 2000-2003, and the super mega industry moves he started making from Musicology forward. After 2004, Prince became a business again (not just an indie artist). And you can't run a business like a "hit and run" tour--with little planning, minimum management, or poor timeliness.

Seems like he has poor or little professional support. He's a musician who barely(?) graduated high school. And while he was in school, he spent most of his time honing his craft. I'm not saying dude is not smart--he clearly is. But for most of his life he has channeled his brilliance into his art. We've all benefited from that (Thankfully!).

What he needs are people who channeled their brilliance into law, business, etc. He is not a jack of all trades, nor do I want him to be. Focus on the music, keep an eye on your biz & money, but hire competent people you can trust who can help keep track of your bils dude.
[Edited 3/26/10 9:44am]

LondonStyle said:

speak for yourself.

No Wonder lotusflow£r.com took the $77 from everyone, he needs it !

As for the people who say $3 million is a drop in the ocean for Prince, it isn't, the quotes about income from touring are wildly off target, as they are normally gross takings, once he's paid tax, venues, touring staff, promoters, logistics, he won't see more than a couple of million for himself,

RipTheJacker said:

Nope your on Prince.org and you will buy ...just like every other orger on here...ok you may steal a copy of someone you know....but at the end of the day you'll be sitting in front of your PC or TV at home watching ...

And the next time he does a hit-n-run 3 day gig like he did in Paris ... you'll buy a ticket....

Let's not try and fool each other .....let's just chillout ..

I just want a new album/dvd...something. P will take care of this, it wont bankrupt him. All you cats on the org need to chill! I know how u like stickin it to P when he is down,...

ecnirp98 said:

Thats already been taken into account in my assessment at least. Musico,logy make around 80 mill..he took home 35...O2 he probbly took home 20 mill..so he is sitting on around 50 mill. At least. Just fomr that touring. And yes PP may cost monthly but nothing over half a mill to a mill a year probably. Its just sitting there. Okay lets say 3 mill a year. He still cops that easily.

No Wonder lotusflow£r.com took the $77 from everyone, he needs it !

As for the people who say $3 million is a drop in the ocean for Prince, it isn't, the quotes about income from touring are wildly off target, as they are normally gross takings, once he's paid tax, venues, touring staff, promoters, logistics, he won't see more than a couple of million for himself, thats why he played the O2 last time, much cheaper logistics. I've managed a tour for a small band and that cost a fortune, its amazing all the things u take for granted that add up.

On top of that are his day to day costs, he constantly has security around him, that costs a fortune, his staff/eployees at Paidley Park, houses he owns/rents all over the place, Paisley park must just eat up money, especially as its not exactly hip for recording up there, its a long time since an REM recorded there.

He's not making for a fortune from sales of his current albums or the back catalogues, his sole income is pretty much touring, and based on how he treated this promoter, the terms he gets for his next tour are not going to be favourable, would u offer insurance for Prince to play a gig ?????

And how much have the divorces cost him ??? then his legal fee's for sending all the lawyers after people on the internet who play his music in the background on home video's on youtube, and he does this all on his own, Warners aren't there picking up the cheque anymore...his last decent selling commercial album was in 1991 .....
[Edited 3/26/10 9:49am]

xlr8r said:

There is also this big competition always going on about who takes the most on a tour - Jackson, then U2, Madonna, Prince etc, it used to happen when mega stars signed a new deal in the 80's/90's, the press/industry would always be looking for a bigger deal/story, so the figures would be quoted, you'd never quite know if there true or not, like the footballers wages now.

NuPwrSoul said:

I said this on the other thread about his proerty taxes. You are making a massive assumption that this is all down to a fuck up on his or his accountant's part. Actually, it could all be just a scam by either party to retain the 3/4 or whatever million dollars he currently owes because the longer he keeps that sum in the bank, the more money it earns him.

This is common practice, particularly with large sums of money, because 1 months delay in payment can easily earn you another few-hundred thousand, or whatever. The fact he has always paid his taxes before and, most of the time, late it seems would also lend credence to this theory.

No Wonder lotusflow£r.com took the $77 from everyone, he needs it !

As for the people who say $3 million is a drop in the ocean for Prince, it isn't, the quotes about income from touring are wildly off target, as they are normally gross takings, once he's paid tax, venues, touring staff, promoters, logistics, he won't see more than a couple of million for himself, thats why he played the O2 last time, much cheaper logistics. I've managed a tour for a small band and that cost a fortune, its amazing all the things u take for granted that add up.

On top of that are his day to day costs, he constantly has security around him, that costs a fortune, his staff/eployees at Paidley Park, houses he owns/rents all over the place, Paisley park must just eat up money, especially as its not exactly hip for recording up there, its a long time since an REM recorded there.

He's not making for a fortune from sales of his current albums or the back catalogues, his sole income is pretty much touring, and based on how he treated this promoter, the terms he gets for his next tour are not going to be favourable, would u offer insurance for Prince to play a gig ?????

And how much have the divorces cost him ??? then his legal fee's for sending all the lawyers after people on the internet who play his music in the background on home video's on youtube, and he does this all on his own, Warners aren't there picking up the cheque anymore...his last decent selling commercial album was in 1991 .....
[Edited 3/26/10 9:49am]