There is a reason their business relationship was terminated. LM should put all paperwork on-line - be transparent. Show the world the actual documentation. Let the world pick it over and see either a)LM is telling the truth or b)LM is not. Fighting things out on social media is just fake news.

1Sasha said:

Billboard has a new article about these goings-on: it says the Estate paid $21 million in taxes on January 23, with the balance due in six months.

I wonder how much of a percentage that is of the total? Noisy people want to know.

I wondered, too, because I didn't think the amount had been determined yet. Even the MJ estate is fighting its valuation all these years later.

morningsong said:

I have no idea. With streaming, future sales, etc. - it seems ridiculous to me that the government would want to speculate on something 20 years in the future.

If they can pay the taxes and lump sum the older siblings. I think they will be fine.

Paisley Park will need to evolve into a money stream, but vault and existing catalog is gold.

I've been fan since the late 70's. If they offer us quality products, I will purchase.

rogifan said:

laytonian said:

1Sasha said:

I am beginning to see why Prince wanted little or nothing to do with his siblings!!

Rev said:

If they can pay the taxes and lump sum the older siblings. I think they will be fine.

Paisley Park will need to evolve into a money stream, but vault and existing catalog is gold.

I've been fan since the late 70's. If they offer us quality products, I will purchase.

Listening to Susan's interview made me very hopeful about the Vault stuff. We shall see.

The Judge just signed an order allowing a Confidential Settlement Agreement.

Who are they settling with and why?

ISaidLifeIsJustAGame said:

morningsong said:

I was thinking the same thing.

laurarichardson said:

laurarichardson said:

morningsong said:

I guess this kind of answers the question on the vault's worth.

-/Someone correct me if I am wrong but is this not a good thing as it lowers the value of the estate therefore less taxes to pay. I would also think it would the estate to get the vault music out.

Sounds about right to me. The Fedgov will continuously get its cut, I don't see why an unsold product has to be estimated right now.

rogifan said:

laurarichardson said:

-/Someone correct me if I am wrong but is this not a good thing as it lowers the value of the estate therefore less taxes to pay. I would also think it would the estate to get the vault music out.

Not a good thing or is a good thing?

laurarichardson said:

rogifan said:

Not a good thing or is a good thing?

-/I am asking is it good or bad. I think it is a good thing but I am not sure.

Good Thing"

Pay Taxes on the Lowest estimation, get them out of the way, satisfy the damn government then MOVE FORWARDS and get his Music out there...

World NEEDS it....Dear Mr Man !!!!!!!!!

laurarichardson said:

ISaidLifeIsJustAGame said:

The Judge just signed an order allowing a Confidential Settlement Agreement.

Who are they settling with and why?

--I thought it was the Make A Wish people due to canceled benefit which seems like more incompetece in the part of the bank.

Make A Wish claim was denied by the Judge in November 2016

ISaidLifeIsJustAGame said:

laurarichardson said:

ISaidLifeIsJustAGame said:

Make A Wish claim was denied by the Judge in November 2016

--If you go under 1/31/2017 Down 5 from the top you will see Motion to seal settlement with Make A Wish. I am assuming they filed an appeal. [Edited 2/3/17 16:39pm]

Thanks.

laurarichardson said:

laytonian said:

laytonian said:

precioux said:

laytonian said:

It HAS been reported and it is in the court documents, too, early on that the taxes would be paid over a period of years.
But the $21 million was paid.. not that much property has been sold and selling 2.6 million albums doesn't being in even a million.
Then you have all the attorneys and advisory fees.

Did I read something wrong? I thought that it was reported (published article) that the remainder of the taxes (approximately 80 million) are due in July. Or is it that the taxes may essentially be due, but the courts will provide provisions to pay in installments (?)

Thanks in advance

So is this what Londell tweets were about?

I'm not understanding what this is saying. Seems that Prince did enter into some kind of agreement with Tidal to stream, but not NPG *** which is owned by the Estate. Then the paragraph below seems to say something different.