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Forums > Prince: Music and More > Prince Music Vault Being Shopped for $35 Million turns out to be a false rumour
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Reply #60 posted 10/12/16 6:57pm

luvgirl

FlyOnTheWall said:



whew Hoping this is the case...
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Reply #61 posted 10/12/16 6:57pm

luvsexy4all

rap said:

purplethunder3121 said:

He's carrying on the tradition... razz lol

so it would seem

duh...that urn paisley park replica was a sign..that he's still living in PP.....

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Reply #62 posted 10/12/16 7:13pm

jdcxc

IstenSzek said:



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.



You would think Billboard would know this?
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Reply #63 posted 10/12/16 7:23pm

DiamondsnPearl
s44

avatar

NinaB said:

DiamondsnPearls44 said:

sad

sad I hate to see whats coming

So do I. Without P...I don't know what the future holds.

Its not a good look thats for sure.

RIP Prince I will forever heart and miss U
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Reply #64 posted 10/12/16 7:25pm

luvsexy4all

DiamondsnPearls44 said:

NinaB said:

DiamondsnPearls44 said: So do I. Without P...I don't know what the future holds.

Its not a good look thats for sure.

anyone with enough money could conceivably use his music for commercials....blasphemy

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Reply #65 posted 10/12/16 7:32pm

DiamondsnPearl
s44

avatar

luvsexy4all said:

DiamondsnPearls44 said:

Its not a good look thats for sure.

anyone with enough money could conceivably use his music for commercials....blasphemy

true....not to mention rappers using his music/beats eek

RIP Prince I will forever heart and miss U
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Reply #66 posted 10/12/16 7:49pm

Goddess4Real

avatar

I would have thought it would worth alot more than $35 million, especially all the early recordings, demos etc.

Keep Calm & Listen To Prince
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Reply #67 posted 10/12/16 8:21pm

ISaidLifeIsJus
tAGame

avatar

When P started his NPG Music Publishing in 2014 he issued a press release stating:

“actively [seek] placement for some of Prince’s best-loved songs in film, television, video games and the commercial realm.”

So, maybe P wasnt against using his music for commercial ventures?

[Edited 10/12/16 20:21pm]

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Reply #68 posted 10/12/16 8:49pm

Graycap23

avatar

Don't believe the hype.
FOOLS multiply when WISE Men & Women are silent.
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Reply #69 posted 10/12/16 9:02pm

214

It's just too low idon't believe it.

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Reply #70 posted 10/12/16 9:42pm

rap

luvsexy4all said:

rap said:

so it would seem

duh...that urn paisley park replica was a sign..that he's still living in PP.....

Idiota!

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Reply #71 posted 10/12/16 10:10pm

Lovejunky

CherryMoon57 said:

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

Check Llondels twitter

https://twitter.com/LondellMcMillan/status/786353306142519296

Its NOT TRUE

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Reply #72 posted 10/13/16 2:11am

anangellooksdo
wn

laurarichardson said:



anangellooksdown said:


I understand there are bills, but selling the rights to the very thing that Prince would probably most want those bills to cover/support? Gee. I'm guessing that music is as valuable to Prince as PP is - even from where Prince is now. I'm a little concerned that Londell didn't just come out and say that the music won't be sold. Correcting a story and squashing it completely could be two different things....(?)

I think they are looking for someone to market and distrube the music which way he did not squash it completly. I don't think they are trying to do a fire sale.



Maybe. But I just want someone in this whole situation to be direct and honest. One look at Londell's twitter account and I see a grown businessman using terms like "RIP" and "lol". I mean, really? He may be a nice person but is he truly up to this task?
I am beginning to see that there might not be anyone in this whole Prince situation who possesses integrity, intelligence, directness and basic common decency all together. Why the need for manipulation? Because that's "the way of the world"?

Prince died. This is serious. We need to treat his legacy with love and care and respect.

No wonder Prince did everything by himself.
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Reply #73 posted 10/13/16 2:25am

justAmeda

Ingela said:

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]

Then why don't they get their own jobs and EARN their money instead of mooching of Prince and his career?

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Reply #74 posted 10/13/16 2:47am

warning2all

This is good news!

Noone is going to buy the Vault if it's overpriced. Which means the music doesn't get out.

All that matters is the music gets out so we can enjoy it.
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Reply #75 posted 10/13/16 2:47am

ldmendes

avatar

Well..I read that MJ was worth $700 million..I would think Prince's music would be at least worth that..stay tuned

..Hello, who is it?
Yes, this is a prettyman, Princey!
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Reply #76 posted 10/13/16 2:57am

fbueller

avatar

rap said:

Why the fuck doesn't Londell release an actual statement and let us fans know what the hell is going on. He's an educated man.

Jesus, it's like Prince is still alive and we're being drip fed cryptic bullshit and nonsensical tweets!!


All the people related to the Prince estate should understand that many fans had already grown tired of Prince's guessing games and mysterious announcements. It's way past time to just be straight forward. Announce and communicate things clearly. #NoRiddles

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Reply #77 posted 10/13/16 3:03am

Lovejunky

Here is the org thread about the press release...

http://prince.org/msg/7/406647

He definately had it in mind..

He said it !!

http://www.npgmusicpublishing.com/ is up and running...

and the domain was renewed on March 25 this year...SO he had PLANS

along with “the terms of the deal are not public” and that “it includes a schedule of songs that Prince considers ‘fit 4 eternal publication

I read somewhere that there are 935 Songs in that list...

Cant find the source but I will keep looking.

ISaidLifeIsJustAGame said:

When P started his NPG Music Publishing in 2014 he issued a press release stating:

“actively [seek] placement for some of Prince’s best-loved songs in film, television, video games and the commercial realm.”

So, maybe P wasnt against using his music for commercial ventures?

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Reply #78 posted 10/13/16 4:13am

laurarichardso
n

jdcxc said:

IstenSzek said:


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.

You would think Billboard would know this?

The media does not give a shit about facts anymore or research and sometimes just commonsense. The estate can work with a record company to put out the music without selling it outright. Prince had one off deals with labels all the time to distrubute and market.

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Reply #79 posted 10/13/16 4:14am

rogifan

fbueller said:



rap said:


Why the fuck doesn't Londell release an actual statement and let us fans know what the hell is going on. He's an educated man.



Jesus, it's like Prince is still alive and we're being drip fed cryptic bullshit and nonsensical tweets!!




All the people related to the Prince estate should understand that many fans had already grown tired of Prince's guessing games and mysterious announcements. It's way past time to just be straight forward. Announce and communicate things clearly. #NoRiddles


So every time a rumor comes up the estate needs to issue a formal statement or press release? That's ridiculous. This was reported in Billboard not breaking news on CNN. And it didn't take long for Londell to deny it on Twitter. I'd argue "fams" need to take a chill pill and not freak out over every rumor that pops up.
Paisley Park is in your heart
#PrinceForever 💜
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Reply #80 posted 10/13/16 4:15am

laurarichardso
n

Lovejunky said:

Here is the org thread about the press release...

http://prince.org/msg/7/406647

He definately had it in mind..

He said it !!

http://www.npgmusicpublishing.com/ is up and running...

and the domain was renewed on March 25 this year...SO he had PLANS

along with “the terms of the deal are not public” and that “it includes a schedule of songs that Prince considers ‘fit 4 eternal publication

I read somewhere that there are 935 Songs in that list...

Cant find the source but I will keep looking.

ISaidLifeIsJustAGame said:

When P started his NPG Music Publishing in 2014 he issued a press release stating:

“actively [seek] placement for some of Prince’s best-loved songs in film, television, video games and the commercial realm.”

So, maybe P wasnt against using his music for commercial ventures?

Controversy was in one of the Scandal eposoids in April so yes he was already working on getting songs in TV and movies. He owned the whole thing so why not.

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Reply #81 posted 10/13/16 4:18am

laurarichardso
n

rogifan said:

fbueller said:


All the people related to the Prince estate should understand that many fans had already grown tired of Prince's guessing games and mysterious announcements. It's way past time to just be straight forward. Announce and communicate things clearly. #NoRiddles

So every time a rumor comes up the estate needs to issue a formal statement or press release? That's ridiculous. This was reported in Billboard not breaking news on CNN. And it didn't take long for Londell to deny it on Twitter. I'd argue "fams" need to take a chill pill and not freak out over every rumor that pops up.

Exactly the estate is not going to discuss whatever business arrangement they are working on until finalized. Many of the financial deals have been sealed by the court so public will only know something when it has been completed.

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Reply #82 posted 10/13/16 4:19am

rogifan

laurarichardson said:



jdcxc said:


IstenSzek said:



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.



You would think Billboard would know this?

The media does not give a shit about facts anymore or research and sometimes just commonsense. The estate can work with a record company to put out the music without selling it outright. Prince had one off deals with labels all the time to distrubute and market.


I hope to God it isn't one off deals with different labels. I hope they can work out a deal with WB and get this music everywhere. I can purchase HNR Phase 2 on iTunes but not TGE or Musicology or 3121. That's whack and needs to be fixed. Doing deals with all sorts of different labels just makes this more complicated than they need to be.
Paisley Park is in your heart
#PrinceForever 💜
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Reply #83 posted 10/13/16 4:25am

1Sasha

The money to be made today in the music business is in touring (for the artist) and music publishing rights (for the owner of the rights - this is not necessarily the songwriter and/or the artist). Do you remember when Paul McCartney told Michael Jackson to buy music publishing rights, and when the time came MJ bought the Lennon/McCartney song publishing rights? His estate sold those rights for hundreds of millions of dollars a couple of years ago. It seems that ownership of the vault materials has not yet been established. The $35 million figure may just be a "feeler" to see how high the market will go while the estate is still in the investigatory phase. As in 2014, all avenues of distribution (movies, TV, commercials, streaming, etc.) will be on the table.

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Reply #84 posted 10/13/16 4:36am

laurarichardso
n

rogifan said:

laurarichardson said:

The media does not give a shit about facts anymore or research and sometimes just commonsense. The estate can work with a record company to put out the music without selling it outright. Prince had one off deals with labels all the time to distrubute and market.

I hope to God it isn't one off deals with different labels. I hope they can work out a deal with WB and get this music everywhere. I can purchase HNR Phase 2 on iTunes but not TGE or Musicology or 3121. That's whack and needs to be fixed. Doing deals with all sorts of different labels just makes this more complicated than they need to be.

You can buy those releashes from the Tidal store and import them to your I-Tunes. You can also go on Amazon.com and find the CDs or just go to the marketplace on this board and see if someone can help you. People are pretty cool on this board about getting the music to fans.

I do not think the estate will jump from label to put out the music. I think they will stick with one and go from there. I hope it is not WB because if you take a look at their roster it is not filled with talent that is exactly doing anything right now.

Trust someone will be interested in marketing and distrubuting the music. The estate would be foolish to sale the entire catalogue outright and at this point they want to maximize anything that can be revenue generating.

[Edited 10/13/16 5:12am]

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Reply #85 posted 10/13/16 5:09am

rogifan

laurarichardson said:



rogifan said:


laurarichardson said:


The media does not give a shit about facts anymore or research and sometimes just commonsense. The estate can work with a record company to put out the music without selling it outright. Prince had one off deals with labels all the time to distrubute and market.



I hope to God it isn't one off deals with different labels. I hope they can work out a deal with WB and get this music everywhere. I can purchase HNR Phase 2 on iTunes but not TGE or Musicology or 3121. That's whack and needs to be fixed. Doing deals with all sorts of different labels just makes this more complicated than they need to be.

You can buy those releashes from the Tidal store and import them to your I-Tunes. You can also go on Amazon.com and find the CDs or just go to the marketplace on this board and see if someone can help you. People are pretty cool on this board about getting the music to fans.



I do not think the estate will jump from label to put out the music. I think they will stick with one and go from there. I hope it is not WB because if you take a look at their roster it is not filled with talent that is exactly doing anything right now.



Trust someone will be interested in marketing and distrubuting the music. The estate would be foolish to seel the entire catalogue outright and at this point they want to maximize anything that can be revenue generating.


I threw out WB because Prince obviously has a history with them. I don't want the Estate to 'sell' the catalog to anyone. Find the best label that will do this music justice.
Paisley Park is in your heart
#PrinceForever 💜
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Reply #86 posted 10/13/16 5:10am

CherryMoon57

avatar

Maybe that figure does not relate to the entirety of the vault.

Life Matters
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Reply #87 posted 10/13/16 5:32am

gandorb

It is unclear about what the 300 milion would be for. Early in the article it implies it is for the unreleased materials but then later talks about the updgrades of existing material and the PR material. That is a big difference. There aren't many ways to make hundreds of millions off the unreleased material. So few peolple buy CDs anymore and even paid downloads of songs is a diminishing market. It seems that the main way to make a profit from even a $300 million purchase would be from getting it played repeatedly in commercials, shows, etc. Those sources are going to want to use the well known publicized material, not the unfamiliar to the masses unrelased music.

So, I don't think that $300 million for the unreleased stuff would be a low figure.

In any case, it is a sad thought to think that Prince's music - released and unreleased - comes down to what would be the best songs to sell products with.

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Reply #88 posted 10/13/16 6:03am

laurarichardso
n

gandorb said:

It is unclear about what the 300 milion would be for. Early in the article it implies it is for the unreleased materials but then later talks about the updgrades of existing material and the PR material. That is a big difference. There aren't many ways to make hundreds of millions off the unreleased material. So few peolple buy CDs anymore and even paid downloads of songs is a diminishing market. It seems that the main way to make a profit from even a $300 million purchase would be from getting it played repeatedly in commercials, shows, etc. Those sources are going to want to use the well known publicized material, not the unfamiliar to the masses unrelased music.

So, I don't think that $300 million for the unreleased stuff would be a low figure.

In any case, it is a sad thought to think that Prince's music - released and unreleased - comes down to what would be the best songs to sell products with.

Prince had put Controversy into a Scandal episode this spring so he knew that the best means to make money with the music was from T.V and Movies. If you pick the right places to put the music it is fine.

Yes,music sales are at a all time low but the estate would never sell the rights to catalogue for such a ridculous figure. Too much money to be paid from license deals.

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Reply #89 posted 10/13/16 6:14am

smoothcriminal
12

Well, Prince definitely predicted this would all happen one day. It's just sad to see it actually happen.

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Forums > Prince: Music and More > Prince Music Vault Being Shopped for $35 Million turns out to be a false rumour