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Thread started 10/12/16 2:49pm

CherryMoon57

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Prince Music Vault Being Shopped for $35 Million turns out to be a false rumour

Prince’s much-vaunted vault of unreleased music is being shopped for as much as $35 million by estate advisers Charles Koppelman and L. Londell McMillan, a source close to the situation tells Billboard. All three major labels are said to be in talks for rights to the music, the source said.

http://www.billboard.com/...xe-edition

Edited as there has been no confirmation of this beyond what the Billboard article announced.


[Edited 10/20/16 11:19am]

Open your heart open your mind
A train is leaving all day
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Reply #1 posted 10/12/16 2:50pm

SoulAlive

hmmm I guess this is a good thing,right?

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Reply #2 posted 10/12/16 2:51pm

FlyOnTheWall

I hope this is just a rumour.

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Reply #3 posted 10/12/16 2:52pm

rogifan

Hmm...not sure what to think aside from $35M being awfully low. confused
Paisley Park is in your heart
#PrinceForever 💜
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Reply #4 posted 10/12/16 2:54pm

PennyPurple

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Why would they do that?

It has got to be worth more then 35 mil.

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Reply #5 posted 10/12/16 2:57pm

Mumio

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Great timing....big freakout for people right before the tribute shake

Welcome to "the org", Mumio…they can have you, but I'll have your love in the end nod
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Reply #6 posted 10/12/16 3:00pm

nonames

This feels an incredibly low amount... But then I am a fan, and I guess his last albums sold in the tens of thousands.
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Reply #7 posted 10/12/16 3:01pm

paisleypark4

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If labels are bidding im sure i will be bought for more than that. TO BE HONEST as much as Prince may have disliked Warner for a while, but I would bet they or Universal BMG would do right by his releases and honor it the right way.

Download all the shit hop that you can for your kids, neices, nephews, and their friends also. That will prevent them from going out and buying it and will prevent some shit hop sales. Every little bit helps - Andy
http://www.soundclick.com/bands/pagemus
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Reply #8 posted 10/12/16 3:03pm

rogifan

nonames said:

This feels an incredibly low amount... But then I am a fan, and I guess his last albums sold in the tens of thousands.

We've seen estimates of his estate all the way from $100M to $300M to even $500M. No way his music is only worth $35M. If it is than all these estate estimates are way off. confused
Paisley Park is in your heart
#PrinceForever 💜
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Reply #9 posted 10/12/16 3:10pm

purplethunder3
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hmmm

"Music gives a soul to the universe, wings to the mind, flight to the imagination and life to everything." --Plato
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Reply #10 posted 10/12/16 3:14pm

fbueller

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rogifan said:

nonames said:
This feels an incredibly low amount... But then I am a fan, and I guess his last albums sold in the tens of thousands.
We've seen estimates of his estate all the way from $100M to $300M to even $500M. No way his music is only worth $35M. If it is than all these estate estimates are way off. confused


Almost everyday lately there has been a new bit of Prince related news that's bothersome. Insanity to even consider selling Prince's material for 35 million. no no no!

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Reply #11 posted 10/12/16 3:19pm

nonames

rogifan said:

nonames said:

This feels an incredibly low amount... But then I am a fan, and I guess his last albums sold in the tens of thousands.

We've seen estimates of his estate all the way from $100M to $300M to even $500M. No way his music is only worth $35M. If it is than all these estate estimates are way off. confused

I think it refers only to unreleased music, not the whole catalogue though. Still, I find it very low - and a bit depressing. Although if it means we get unreleased music soon... Bittersweet, I think is the word.
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Reply #12 posted 10/12/16 3:25pm

rogifan

nonames said:

rogifan said:


We've seen estimates of his estate all the way from $100M to $300M to even $500M. No way his music is only worth $35M. If it is than all these estate estimates are way off. confused

I think it refers only to unreleased music, not the whole catalogue though. Still, I find it very low - and a bit depressing. Although if it means we get unreleased music soon... Bittersweet, I think is the word.

How can anyone know what the vault is worth if it hasn't even been fully catalogued yet?
Paisley Park is in your heart
#PrinceForever 💜
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Reply #13 posted 10/12/16 3:27pm

morningsong

sigh I don't know what this means, but I feel it's not good.

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Reply #14 posted 10/12/16 3:33pm

NME01

rogifan said:

Hmm...not sure what to think aside from $35M being awfully low. confused


Yes, but it will take significant investment to get the material in a releasable state, plus the marketing etc. Don't forget, to put if bluntly, there is no artist to promote it - appearances / tours / interviews.

Artists barely make any money from music 'sales' nowadays, so there's a limit to the $$$ value. Obviously the ❤️❤️❤️ Value to fans is limitless. Realistically how many full albums of 'new' material (not alt mixes) can there be in there?

I'd love it to be bought by Apple Music. They have deep, deep pockets and music is a break even business for them. They would invest heavily to promote each release, way more than a traditional record label.

Imagine what you could do with a blank chequebook for the marketing of such incredible material. You'd get Spike Lee to make a film about P's life, your put The Revolution on the road for special dates, you'd turn major cities Purple for release day...etc.

A company like Apple Music would do that.
[Edited 10/12/16 15:41pm]
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Reply #15 posted 10/12/16 3:34pm

NinaB

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sigh
"We just let people talk & say whatever they want 2 say. 9 times out of 10, trust me, what's out there now, I wouldn't give nary one of these folks the time of day. That's why I don't say anything back, because there's so much that's wrong" - P, Dec '15
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Reply #16 posted 10/12/16 3:43pm

airth

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I think we need to wait for more information. You can't sell something without knowing what it is, and the companies won't buy for the same reason, unless they judge they are getting the rights at a greatly undervalued amount.

I wouldn't like to see the catalogue broken up more than it is. If they separate the released, unreleased as well as video and music, things might get messy. But there's no point speculating until we get the details.

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Reply #17 posted 10/12/16 3:44pm

DiamondsnPearl
s44

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Terrible sad

RIP Prince I will forever heart and miss U
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Reply #18 posted 10/12/16 3:44pm

DiamondsnPearl
s44

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NinaB said:

sigh

exactly

RIP Prince I will forever heart and miss U
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Reply #19 posted 10/12/16 3:47pm

nonames

rogifan said:

nonames said:


I think it refers only to unreleased music, not the whole catalogue though. Still, I find it very low - and a bit depressing. Although if it means we get unreleased music soon... Bittersweet, I think is the word.

How can anyone know what the vault is worth if it hasn't even been fully catalogued yet?

No idea, I'm just going by what the article says...
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Reply #20 posted 10/12/16 3:51pm

Purplebflogirl

$35 million is incredibly low..Considering he " made" 25 million this year.
Until the end of time
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Reply #21 posted 10/12/16 3:58pm

RodeoSchro

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Awesome! It needs to be sold and when it's sold, the buyers will have to release it for sale in order to make back their investment.

I won't bore you with all my math but seat-of-the-pants calculations tell me that it would take around 64 sellable songs to make this a profitable deal. I think that's highly doable. Can't wait!

Second Funkiest White Man in America

P&R's Palladin
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Reply #22 posted 10/12/16 4:02pm

IstenSzek

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rogifan said:

nonames said:
I think it refers only to unreleased music, not the whole catalogue though. Still, I find it very low - and a bit depressing. Although if it means we get unreleased music soon... Bittersweet, I think is the word.
How can anyone know what the vault is worth if it hasn't even been fully catalogued yet?


indeed. they haven't catalogued it yet so there's no telling what is in there exactly.

they're probably negotiating with labels as to who gets to work with the estate on
future releases, re-releases, remasters etc.

the 35 mil is probably a licensing/distribution deal?

i can't imagine they would be selling the vault without knowing exactly what is in it
or how much that might be worth. you can only start to reasonably put a price on
it once it's all catalogued.

and true love lives on lollipops and crisps
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Reply #23 posted 10/12/16 4:04pm

Astasheiks

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morningsong said:

sigh I don't know what this means, but I feel it's not good.

No joke, I feel the same...

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Reply #24 posted 10/12/16 4:04pm

Astasheiks

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IstenSzek said:

rogifan said:

nonames said: How can anyone know what the vault is worth if it hasn't even been fully catalogued yet?


indeed. they haven't catalogued it yet so there's no telling what is in there exactly.

they're probably negotiating with labels as to who gets to work with the estate on
future releases, re-releases, remasters etc.

the 35 mil is probably a licensing/distribution deal?

i can't imagine they would be selling the vault without knowing exactly what is in it
or how much that might be worth. you can only start to reasonably put a price on
it once it's all catalogued.

AMEN!!!

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Reply #25 posted 10/12/16 4:10pm

1Sasha

Per the article it has to be determined who owns what: Prince may not own each song.
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Reply #26 posted 10/12/16 4:15pm

Ingela

It's a good thing.

The family isn't a corporation with the capital expertise to manage it all. And it seems they need the money.

There is a huge irony in a man fighting so hard for something and dies only to see most likely get what he fought for in the first place.

We all die. If Prince was alive, it would be a different story, but if it's not important for the family to keep, then I see no problem. It will be in better hands. Let's remember, it was his own sister who sued the brother that most likely helped her financially for credit on a song. Again, he fought her in court and won. But in the end she got it all. Ats much as she could.

It's all good.
[Edited 10/12/16 16:23pm]
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Reply #27 posted 10/12/16 4:16pm

sexton

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The article also says Purple Rain deluxe edition finally coming next year.

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Reply #28 posted 10/12/16 4:19pm

Mumio

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I had sent a tweet to Londell asking if this was true along with a link to the article. He tweeted back "This is absurd!" About a minute later his response along with my tweet and everyone else who had retweeted disappeared. Can't find it anywhere so he must have deleted. Guess we'll see what happens next.

Welcome to "the org", Mumio…they can have you, but I'll have your love in the end nod
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Reply #29 posted 10/12/16 4:21pm

DiamondsnPearl
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Mumio said:

I had sent a tweet to Londell asking if this was true along with a link to the article. He tweeted back "This is absurd!" About a minute later his response along with my tweet and everyone else who had retweeted disappeared. Can't find it anywhere so he must have deleted. Guess we'll see what happens next.

He aint trustworthy either

RIP Prince I will forever heart and miss U
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