independent and unofficial
Prince fan community
Welcome! Sign up or enter username and password to remember me
Forum jump
Forums > Prince: Music and More > $300M+: How do you think Prince would want his fortune spent?
« Previous topic  Next topic »
Page 2 of 2 <12
  New topic   Printable     (Log in to 'subscribe' to this topic)
Reply #30 posted 07/21/16 4:05pm

3rdeyeboy

The numbers always quoted around stars should be taken with a pinch of salt. The net worth is usually a lot lower, and thats before the vultures.

There will clearly be a spike in sales around his death, but it is unlikely that can be fully forecast yet. The catalogue with have a value, but catalogues don't command the value they used to with the rise of downloads and streaming, particularly when the artist's material is not widely available in the peak period.

When the vault material finally becomes available, its likely to sell in the tens of thousands, not millions.

  - E-mail - orgNote - Report post to moderator
Reply #31 posted 07/22/16 12:27am

BartVanHemelen

avatar

206Michelle said:

TrivialPursuit said:


Your thoughts betray you. Not sure where you get this from, by the way. It's false.

His lawyer Londell said that he repeatedly tried to get Prince to draw up a will, and he just wouldn't do it. He said Prince hated thinking about that so, like many other things Prince didn't want to face, he ignored it.

TrivialPursuit, could you provide a link to a source regarding Londell McMillan trying to get Prince to draw up a will? Thanks.

.

I don't think it was Londell who said this, but once of Prince's former lawyers said this in oen of the recent articles.

.

Also relevant:

.

http://www.startribune.co...384359271/

.
Prince was clearly aware of the consequences of what could possibly happen without a proper will. One day in the late 1980s, he discovered Leeds listening to some unreleased James Brown recordings because Leeds was compiling a boxed set for Brown’s label. At first, Prince — a Brown fan — was enamored, but then his demeanor changed, Leeds recalled. He said Prince went on a diatribe, concerned that Brown didn’t know about the project.

.
Leeds remembered an infuriated Prince saying that he would not lose control of his own recordings the way the late Jimi Hendrix did. Hendrix’s relatives hired musicians to complete his unfinished recordings.

.

Buuuuuut...

.

http://www.billboard.com/...-his-super

.
When we worked with him, there was no manager, no lawyer, no agent, no business manager. It was just him and the two of us. And when we started this [Musicology] thing, Paul and I had a sit-down with [billionaire AEG owner] Phil [Anschutz] one day, we had to tell Phil that Prince won’t sign anything, there’s no contract.

© Bart Van Hemelen
This posting is provided AS IS with no warranties, and confers no rights.
It is not authorized by Prince or the NPG Music Club. You assume all risk for
your use. All rights reserved.
  - E-mail - orgNote - Report post to moderator
Reply #32 posted 07/22/16 8:21am

destinyc1

Hey Bart,Thats fn crazy sad First off a contract protects BOTH partys involved.So what was everything he did verbal?.Bart how in gods name does this work?This puts me in mind of john and kate plus 8.Working those babies 16 hr days no work permits and no coogan acct.ANYWAY loved him and his music and a fam 4 life.But,jesus things starting to come out are making him look bat shit crazy cool

  - E-mail - orgNote - Report post to moderator
Page 2 of 2 <12
  New topic   Printable     (Log in to 'subscribe' to this topic)
« Previous topic  Next topic »
Forums > Prince: Music and More > $300M+: How do you think Prince would want his fortune spent?