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PennyPurple said:
That's the way I read it too. Absolutely. Liondell was never the SA. Bremer was. Cimerica is now. He was never a Personal Representative. Until we hear more, he is one of two musical advisors. Welcome to "the org", laytonian… come bathe with me. |
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Londell was quoted extensively in yesterday's New York Times big article on Prince. | |
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laytonian said: PennyPurple said:
That's the way I read it too. Absolutely. Liondell was never the SA. Bremer was. Cimerica is now. He was never a Personal Representative. Until we hear more, he is one of two musical advisors. --He was in a temporary position to consult he overstepped his boundaries and was conducting himself as if he had the job of PA. Then he actually tried to get the job. If you took the time to read the court files you would know he was fucking up this is the reason he is not the PA. I hope Comerica cuts ties with him or at least keeps an eye on him unlike Breamer who let him do as he pleaded which caused this claim from Tidal. [Snip - luv4u] | |
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laurarichardson said:[quote] laytonian said: Absolutely. Liondell was never the SA. Bremer was. Cimerica is now. He was never a Personal Representative. Until we hear more, he is one of two musical advisors. --He was in a temporary position to consult he overstepped his boundaries and was conducting himself as if he had the job of PA. Then he actually tried to get the job. If you took the time to read the court files you would know he was fucking up this is the reason he is not the PA. I hope Comerica cuts ties with him or at least keeps an eye on him unlike Breamer who let him do as he pleaded which caused this claim from Tidal. [Snip - luv4u] That's an odd accusation and untrue. I have read the court documents but am analytical about them rather than emotional. Like the $7 million the family claimed they were promised from the tribute. Get out a calculator. Divide $7 million by the number of tickets sold at the Xcel. No way there would be that much when very few tickets cost that much. I think there were casual conversations that were taken seriously by all sides. They will not stand up in court. [Edited 2/7/17 9:00am] Welcome to "the org", laytonian… come bathe with me. |
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The $7 mil number that is quoted in Court documents refers to the deal with Jobu at the new stadium that holds 66,000, and is not in reference to the actual Tribute at Xcel.
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Just received a notice from the court that there has been a settlement reached and tomorrow's hearing has been cancelled. Now on to the next issue. | |
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A settlement reached for what? | |
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Tomorrow's hearing was supposed to be about Phaedra's Petition. The hearing was cancelled. It could mean there is a settlement or it could be rescheduled to another date. No way of knowing right now.
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The 7 million has nothing to do with the actual revenue from the concert but the deal with the orignal promotors. Once again you have not taken the time to read the court documents some of which I believe have been redacted. The Jobu is one of many crazy ass things Londell did.
I did notice on the inventory sheet the concernt revenues were not listed and their was nothing next to the concert video footage. What was the point of filming the show if they were not going to put it out for people to buy or at least view. Where is the money from the concert? What was Londell offering a 10 millon dollar loan to Tyka which she has the e-mail for. [Snip - luv4u] | |
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Well she was fired from her position so maybe it has someting to do with that. If she was accused of wrong doing with the LLC and there appears to be a contract with Tidal. I could see the estate backing off of the accusations.
More Londell/Breamer dumb ass crap. | |
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It is very vague. That's why I repeated what the order says. | |
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Thank you. I had forgotten about Phaedra. | |
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ISaidLifeIsJustAGame said:
Tomorrow's hearing was supposed to be about Phaedra's Petition. The hearing was cancelled. It could mean there is a settlement or it could be rescheduled to another date. No way of knowing right now.
 Something about this just feels wrong....I would like to know what she knows. | |
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I am probably out of the loop but in 2014 didn't Prince put all his music into NPG Publishing Company? Then name Phaedra as head of that company. Since corporations can live in perpetuity I always thought that was his way of protecting his estate (instead of a will). The glitch of course would be if he was the only member of the corporation when he died...
I'm thinking that's why Van wants to get involved - to somehow get Phaedra back in her position, not as a power-grab but as a way to avoid probate/ wholesale destruction of assets to pay off tax liability.
Am I way off base?
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mjrose said:
I am probably out of the loop but in 2014 didn't Prince put all his music into NPG Publishing Company? Then name Phaedra as head of that company. Since corporations can live in perpetuity I always thought that was his way of protecting his estate (instead of a will). The glitch of course would be if he was the only member of the corporation when he died...
I'm thinking that's why Van wants to get involved - to somehow get Phaedra back in her position, not as a power-grab but as a way to avoid probate/ wholesale destruction of assets to pay off tax liability.
Am I way off base?
-/No, you are not wrong. I believe he put the LLC together so it could continue on long after he was gone. I still do not understand why Phedra was removed and I hope when the family takes over maybe they will put her back or find someone to manage and continue on. Prince had control over his administration, masters, record label, merchandising and these asshole estate managers are trying to dismantle everything and parcle it out to corporations. Essentially giving money away that could all be keep. | |
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Most disturbing becasue they BOTH loved him and would have been privvy to some of his forward plans /intentions regarding NPG.
The fact that Phaedra has been removed, either by some one or volantarily, does not sit well with me..
Not at all....
and yeah...so much money is being wasted..Over a Million dollars Invoiced by the attorneys so far....makes me sick...especially since nothing appears to have been achieved/solidified in all this time.. a WHole lot of bickering and nitpicking going on...
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Lovejunky said:
Most disturbing becasue they BOTH loved him and would have been privvy to some of his forward plans /intentions regarding NPG.
The fact that Phaedra has been removed, either by some one or volantarily, does not sit well with me..
Not at all....
and yeah...so much money is being wasted..Over a Million dollars Invoiced by the attorneys so far....makes me sick...especially since nothing appears to have been achieved/solidified in all this time.. a WHole lot of bickering and nitpicking going on...
--The family has pushed back on the legal fees for the very reason you mentioned. I know the judge agreed that some bills were excessive but that sibs needed to stop changing attorneys and come done agreement. It just seems like it would have been cheaper to keep Pheadra and continue running the businees. The estate could make a lot of money licensing out the music to monies and T.V. shows. They could even continue to put out the music peer to peer or continue by working with a record company in a partnership. | |
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laurarichardson said: mjrose said:
I am probably out of the loop but in 2014 didn't Prince put all his music into NPG Publishing Company? Then name Phaedra as head of that company. Since corporations can live in perpetuity I always thought that was his way of protecting his estate (instead of a will). The glitch of course would be if he was the only member of the corporation when he died...
I'm thinking that's why Van wants to get involved - to somehow get Phaedra back in her position, not as a power-grab but as a way to avoid probate/ wholesale destruction of assets to pay off tax liability.
Am I way off base?
-/No, you are not wrong. I believe he put the LLC together so it could continue on long after he was gone. I still do not understand why Phedra was removed and I hope when the family takes over maybe they will put her back or find someone to manage and continue on. Prince had control over his administration, masters, record label, merchandising and these asshole estate managers are trying to dismantle everything and parcle it out to corporations. Essentially giving money away that could all be keep. Maybe she was removed because she was in over her head or not the right person for the job? I don't get why everyone (including family) are under suspicion by (some) people yet Van and Phaedra are treated as pure as a fresh snowfall. What do we really know about either of them? Londell was once Prince's lawyer too. And someone a lot of people seem to have doubts about (Kirk) was probably closer to Prince than anyone. To be clear, I'm not suspicious about anyone in the inner circle. I'm just curious why some people seem to trust Van and Phaedra but nobody else. Paisley Park is in your heart
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I do not care what anyone says here, but Prince did not execute the appropriate end-of-life documents which would have eliminated the need for the legal wrangling of the past nearly 10 months. No matter how clever his actions might seem to some, they were not correct. His estate planning should have been accomplished with the assistance of the finest entertainment legal and accounting team, not civil rights activists with no experience in the field. But then, he trusted very few people so now it is all screwed up and - perhaps - the people and/or groups he would have wanted to leave something to may not be getting anything. | |
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Part 6 - Jesus - Prince really should've just written a fucking will. | |
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rogifan said: laurarichardson said: -/No, you are not wrong. I believe he put the LLC together so it could continue on long after he was gone. I still do not understand why Phedra was removed and I hope when the family takes over maybe they will put her back or find someone to manage and continue on. Prince had control over his administration, masters, record label, merchandising and these asshole estate managers are trying to dismantle everything and parcle it out to corporations. Essentially giving money away that could all be keep. Maybe she was removed because she was in over her head or not the right person for the job? I don't get why everyone (including family) are under suspicion by (some) people yet Van and Phaedra are treated as pure as a fresh snowfall. What do we really know about either of them? Londell was once Prince's lawyer too. And someone a lot of people seem to have doubts about (Kirk) was probably closer to Prince than anyone. To be clear, I'm not suspicious about anyone in the inner circle. I'm just curious why some people seem to trust Van and Phaedra but nobody else. --Why are you suspicious of Pheadra and Van? They helped him broker a deal to get his masters back and we now know that Tidal had some agreement directly with Prince and I am sure that Phedra sent those files with his permission. Tidal would not be allowed to go forward with their claim and the music is still up on the site. Ask yourself why does the estate mars and corporate America want to control the administration of the Prince's music? | |
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1Sasha said: I do not care what anyone says here, but Prince did not execute the appropriate end-of-life documents which would have eliminated the need for the legal wrangling of the past nearly 10 months. No matter how clever his actions might seem to some, they were not correct. His estate planning should have been accomplished with the assistance of the finest entertainment legal and accounting team, not civil rights activists with no experience in the field. But then, he trusted very few people so now it is all screwed up and - perhaps - the people and/or groups he would have wanted to leave something to may not be getting anything. --He may have put some money or even music in a trust we just do not know and will never know. I do not think he was planning to die in April. | |
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smoothcriminal12 said: Part 6 - Jesus - Prince really should've just written a fucking will. --And someone would have contested it. Look at Ray Charles/James Brown had Trust/Wills and it still took over a decade to resolve Because heirs contested it. What Prince should have done was have other shareholders/ or a foundation as a shareholder in the LLC so everything would have transferred over to the members/ foundation upon his death. Remember there are rumors that a vault of music is not accessible to the estate and we know the estate knew nothing about were those Tidal payments went. I would not be so sure the estate knows everything. | |
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Hmm. Point duly noted. As someone not too knowledgeable in all this legalese, I guess I'll just have to sit back and watch it all play out. | |
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laurarichardson said: rogifan said: Maybe she was removed because she was in over her head or not the right person for the job? I don't get why everyone (including family) are under suspicion by (some) people yet Van and Phaedra are treated as pure as a fresh snowfall. What do we really know about either of them? Londell was once Prince's lawyer too. And someone a lot of people seem to have doubts about (Kirk) was probably closer to Prince than anyone. To be clear, I'm not suspicious about anyone in the inner circle. I'm just curious why some people seem to trust Van and Phaedra but nobody else. --Why are you suspicious of Pheadra and Van? They helped him broker a deal to get his masters back and we now know that Tidal had some agreement directly with Prince and I am sure that Phedra sent those files with his permission. Tidal would not be allowed to go forward with their claim and the music is still up on the site. Ask yourself why does the estate mars and corporate America want to control the administration of the Prince's music? Let's not forget who called the Cali dr mess... Also Pheadra changed her linkedin to say she stopped working for P in 2015 if that is true she had no business calling in any unwanted Drs. Anyway back on trac I question what both Pheadra and Van know. | |
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PurpleDiamonds1 said: laurarichardson said: --Why are you suspicious of Pheadra and Van? They helped him broker a deal to get his masters back and we now know that Tidal had some agreement directly with Prince and I am sure that Phedra sent those files with his permission. Tidal would not be allowed to go forward with their claim and the music is still up on the site. Ask yourself why does the estate mars and corporate America want to control the administration of the Prince's music? Let's not forget who called the Cali dr mess... Also Pheadra changed her linkedin to say she stopped working for P in 2015 if that is true she had no business calling in any unwanted Drs. Anyway back on trac I question what both Pheadra and Van know. -/Maybe she called the Dr out of geniune concern but used poor judgement by selecting Dr. K. I do not think there was any sinister intentions. Like I said Tidal would not be able go forward with their suit if they did not have a contract, proof of payment, and a delivery schedule/permission on their site. The timeframe for exculsity may have ended for the WB material but seeing as Mrs. Phedre's hearing was cancelled maybe she is in the clear. It is also possible that she was no longer managing the LLC but doing other things for him by 2015. I keep wondering if she was the business manager who traveled with him on his last tour. | |
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I'm going to lay this out there because I'm sure I'm not the only one that this has crossed their mind but wasn't Phadrea and not immediate family members called that day? Things like that don't tend to be taken well. Especially given the result. Even when there is no true fault. | |
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Maybe she was in over her head and who ever told her to call the Cali Drs is the real issue...
But If someone is guilty they would change things....My opinion...if Phaedra was innocent she would not have changed her linkedin and be hiding. [Edited 2/8/17 8:05am] | |
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morningsong said: I'm going to lay this out there because I'm sure I'm not the only one that this has crossed their mind but wasn't Phadrea and not immediate family members called that day? Things like that don't tend to be taken well. Especially given the result. Even when there is no true fault. Well said, you are correct | |
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