BanishedBrian said:

leecaldon said:

I think you've got it wrong on this one. Prince's comments suggested he would have no problem with the Vault material released. I find it utterly bizarre that someone who fought so hard for their legacy left no instructions as to how to go about it though. Can't get my head around that.

To use the most extreme example, let's say there's an original/long version of Extra Loveable in the Vault. That's an amazing song, that will surely get released, as it's the cream of the crop.

If Prince were giving detailed instructions of what to do, how would he be able to cause that song to be released given the rape language at the end? There's no way he could do so.

If he simply leaves it there with no instructions what to do, the practical effect is the song gets released, but he's never blamed for authorizing it. History will say it was pulled out of his private Vault and released without his specific authorization. That's really the best outcome for him if he wanted his music released but he was in a different moral place today than he was in the mid-80s.

That's a very good point. I still think it odd he wouldn't have communicated at some point which person/people would be suitable for overseeing it.

Prince's entire estate must be appraised and valued, so that the estate tax can be calculated. This is a law and the IRS will enforce it, I promise.

Therefore, the vault will be opened and every single thing in it will be catalogued. Someone will try to appraise it and come to a value that the IRS will accept. Then the estate tax will be calculated on the agreed-upon value of ALL of Prince's assets, including EVERYTHING in the vault.

If anyone destroys anything from the vault, they could very well be charged with a crime. I don't think you can destroy the assets of an estate, because you are taking away taxable assets and therefore tax revenue. I'm pretty sure anyone that did that would be charged with a crime, possibly a federal crime, but I'd have to do some research to be certain of that. But I can tell you, destroying assets isn't a risk I would take.

Those estate taxes have to be paid within a short period of time, so whomever is in charge of Prince's estate will have to come up with money to pay them. And I am postive that the contents of the vault will be very valuable. Think about the revenue generated by the estates of Hendrix, Elvis and Michael Jackson. Those estates have generated $100's of millions and I'd bet the IRS is going to say Prince's unreleased stuff - being maybe 100 times bigger than all three of those other estates combined - is certainly going to be valued very high.

The way I see it, Prince's estate is either going to have to:

1. Sell the rights to ALL his music to someone who will then be in a financially-motivated position to release it; or

2. Borrow against his music rights to pay the taxes, which means they'll have to pay back that loan. Which means they'd have to generate revenue and the best way to do that is to sell his music, including as much of the unreleased music as they can.

I have the feeling Prince thought of these scenarios and may have decided that doing nothing was the best thing he could do for his estate.

The vault being opened is inevitable. The question is how the music will be distributed. Hopefully the right hands will handle the music with the respect it deserves.

Shockedelicus said:

It's being handled by Top Men (I hope they don't mean Jacko's old man):

https://www.youtube.com/watch?v=yoy4_h7Pb3M

The premise of this thread seems to disregard everything Prince has indicated on the subject.

Furthermore - common sense would indidcate the following. If he didn't want them released he would have disposted of them. Not kept them safely preserved in a vault

I'm just relieved Prince didn't have a will ordering the destruction of the vault contents upon his death. I seriously expected that given how protective he was of his work. If he didn't want WB handling his work while he was alive, to me it seemed unlikely to have the material distributed without his supervision.

Thizz said:

kano said:

kano said:

Thizz said:

The premise of this thread seems to disregard everything Prince has indicated on the subject.

Furthermore - common sense would indidcate the following. If he didn't want them released he would have disposted of them. Not kept them safely preserved in a vault

Even though I've spoken respectively about other fans opinions and tried to argue my point without being aggressive or trying to be superior, that's the final conclusion you come to, that I wilfully want to disregard P's wishes? Whoever said the art of reading was dead.

Speaking of reading comprehension

Which part of this do you not understand

On his unreleased music:

I've never said this before, but I didn't always give the record companies the best song. There are songs in the vault that no one's ever heard. There are several vaults; it's not just one vault.

Are there full unreleased albums?
Yeah, I like time capsule stuff. I have a couple Revolution albums in the vault and two Time albums, one Vanity 6 album … and tons of stuff recorded in different periods. But so much gets recorded that you don't have time to compile everything. In the future you could put all the best stuff from one particular time period together and then you can release it. It'd just be like if we found a Sly and the Family Stone album and they saved their best stuff. If that's even possible!

It will be released and marketed properly because the estate needs the revenue the music will generate. Prince also probably has thousdands of hours of footage from his shows.

RodeoSchro said:

its just a shame he didnt release more of the vault when he was alive .

kano said:

NME01 said:

Thizz said:

kano said:

Thizz said:

I've already discussed that earlier in the thread. And given your snobbish tone, I definitely won't be doing so again with you.

Oh please, get over yourself. We point out actual evidence of intent and you simply try to pick on people as a defence. Why did you open an account this week exactly?