donnyenglish said:

luvsexy4all said:

people wont even buy his hits...they gonna buy unreleased songs??? only freaks on THIS site will

You mustve missed all of last year.......

jjam said:

Bear in mind that this is a licensing deal.

There is not as much money in reissues as you'd think, having been involved in some behind the scenes. People just don't buy physical product as much as they used to. So $30 million's not that bad, and sounds about right.

Exactly. Nobody bought the vault for $30 million - they bought the licensing. This isn't just about Prince's recordings - it's about recordings that will (potentially) be made by others and about the use of vault material for other purposes.

sonshine said:

$30 Million is a lot of money, especially considering that a lot of what's in there is "speculation".

Add to that a possibility of tape deterioration, the risk is a bit higher.

I don't think it would cost "millions" to salvage the music that is salvagable and bring it up to a releasable condition. You could hire a dedicated team of sound engineers who did nothing but this day in, day out. How much do they cost?

Genesia said:

jjam said:

Bear in mind that this is a licensing deal.

There is not as much money in reissues as you'd think, having been involved in some behind the scenes. People just don't buy physical product as much as they used to. So $30 million's not that bad, and sounds about right.

Exactly. Nobody bought the vault for $30 million - they bought the licensing. This isn't just about Prince's recordings - it's about recordings that will (potentially) be made by others and about the use of vault material for other purposes.

Does anyone see what these two ppl have said? Thank you for clarifying this. But will it calm the masses? Good God.

This sounds like its a Hot Mess just like The Estate Thread.... 2 Hot Messes!!! Wow

morningsong said:

Billboard offered $40mil, JayZ offered $35mil, so somebody had access to bidding. But they settled on $30mil? Some information has to missing in this.

Money isn't everything when it comes to these deals. Just like how you might be the high bidder for a house but lose to someone who foregoes an inspection. Who knows what else sweetened the deal -- it could have been anything. Maybe they had the most favored plan for how the vault material would be treated and promoted.

jjam said:

Bear in mind that this is a licensing deal.

There is not as much money in reissues as you'd think, having been involved in some behind the scenes. People just don't buy physical product as much as they used to. So $30 million's not that bad, and sounds about right.

You're totally right. That's what, 10-15% of his entire estimated estate? Hell, the deal Warner Bros gave him when he was near the height of his fame could have been worth something like $100 million, and that was when people still bought records and when he could still actively promote his own music via touring, etc. $30mil is a hefty sum of money for a product whose true demand is relatively unknown.

laurarichardson said:

luvsexy4all said:

wheres the real value?? he doesnt have that many rich fans who will pay for everything...

--Speak for yourself.

.

Yes, let's pretend there weren't massive business failures, e.g. that super-expensive book that nobody bought or that Prince's final album was originally only offered through amateur fan-run websites. Clearly indicative of the many millionaires that were heavy Prince fans willing to invest lots of their capital.

Se7en said:

I don't think it would cost "millions" to salvage the music that is salvagable and bring it up to a releasable condition. You could hire a dedicated team of sound engineers who did nothing but this day in, day out. How much do they cost?

.

They cost a lot. Just read http://www.superdeluxeedi...cbs-years/ for an example of the work involved. And then realise that video is even costlier and less profitable.

.

The first task was to compile at list of everything to transfer from the original tapes to digital, for listening/reviewing purposes. I spent quite a few weeks going through the archive reports with a fine tooth comb and highlighting anything that looked promising and I came back with a LONG list. This is where the commercial realities of a project like this kick in. The cost of transferring everything was deemed too expensive and I was asked to prioritise. This was probably the hardest part of the project. Tapes that almost certainly had something of interest on them were put in an ‘A-list’, while others which perhaps had vague or ambiguous labelling – but still might have contained gems – were in the B and C lists. There was also a lot of unreleased live material in the C-list. I had a suspicion that we’d only transfer what was in the A-list and so it turned out. Anything unreleased on the four-CD set would come from these transfers.

.

crimesofparis said:

Hell, the deal Warner Bros gave him when he was near the height of his fame could have been worth something like $100 million

.

That was a number Prince invented by adding up all kinds of figures he was unlikely to ever get, in order to present his deal as "the biggest deal ever". See also: http://musicfans.stackexc...m/a/89/129 .

BartVanHemelen said:

BartVanHemelen said:

Se7en said:

I don't think it would cost "millions" to salvage the music that is salvagable and bring it up to a releasable condition. You could hire a dedicated team of sound engineers who did nothing but this day in, day out. How much do they cost?

.

They cost a lot. Just read http://www.superdeluxeedi...cbs-years/ for an example of the work involved. And then realise that video is even costlier and less profitable.

.

The first task was to compile at list of everything to transfer from the original tapes to digital, for listening/reviewing purposes. I spent quite a few weeks going through the archive reports with a fine tooth comb and highlighting anything that looked promising and I came back with a LONG list. This is where the commercial realities of a project like this kick in. The cost of transferring everything was deemed too expensive and I was asked to prioritise. This was probably the hardest part of the project. Tapes that almost certainly had something of interest on them were put in an ‘A-list’, while others which perhaps had vague or ambiguous labelling – but still might have contained gems – were in the B and C lists. There was also a lot of unreleased live material in the C-list. I had a suspicion that we’d only transfer what was in the A-list and so it turned out. Anything unreleased on the four-CD set would come from these transfers.

.

That's a case of being deemed too expensive in terms of the budget allocated for this particular project and the projected profit that would be made from the Tomb Of Memories box set - this is Paul Young we're talking about, not Prince.

I would expect that most of what's in the vault has already been transferred - for example, I have previously mentioned how the multis for his albums in the early 2000s were transferred digitally.

crimesofparis said:

morningsong said:

Billboard offered $40mil, JayZ offered $35mil, so somebody had access to bidding. But they settled on $30mil? Some information has to missing in this.

Money isn't everything when it comes to these deals. Just like how you might be the high bidder for a house but lose to someone who foregoes an inspection. Who knows what else sweetened the deal -- it could have been anything. Maybe they had the most favored plan for how the vault material would be treated and promoted.

I'm just basing it on all the hubbub a few months ago when folks were tweeting they wouldn't do this or that. A lot of smoke screening it looks like to me. But at the end of the day it really isn't my business and not a thing I could do about it. It just goes to the fact that reading a bunch of cyptic tweets is pretty much a waste of time since there is no true information ever trickling our way.

BartVanHemelen said:

laurarichardson said:

luvsexy4all said: --Speak for yourself.

.

Yes, let's pretend there weren't massive business failures, e.g. that super-expensive book that nobody bought or that Prince's final album was originally only offered through amateur fan-run websites. Clearly indicative of the many millionaires that were heavy Prince fans willing to invest lots of their capital.

should i feel honored that bart stood up for me?

BartVanHemelen said:

crimesofparis said:

Hell, the deal Warner Bros gave him when he was near the height of his fame could have been worth something like $100 million

.

That was a number Prince invented by adding up all kinds of figures he was unlikely to ever get, in order to present his deal as "the biggest deal ever". See also: http://musicfans.stackexc...m/a/89/129 .

[Snip - luv4u]

sro100 said:

BartVanHemelen said:

.

That was a number Prince invented by adding up all kinds of figures he was unlikely to ever get, in order to present his deal as "the biggest deal ever". See also: http://musicfans.stackexc...m/a/89/129 .

[Snip - luv4u]

[Snip - luv4u]

This might be selfish, but makes no difference to as long as I get to enjoy the music

Guitarhero said:

sro100 said:

[Snip - luv4u]

[Snip - luv4u]

Bart's favorite Prince song is "Graffiti Bridge". His favorite album is Larry Graham's GCS2000.

TrivialPursuit said:

Guitarhero said:

[Snip - luv4u]

Bart's favorite Prince song is "Graffiti Bridge". His favorite album is Larry Graham's GCS2000.

awwwwwwwwww.....

That Makes Perfect sense

Everybody wants to find graffiti bridge
Something to believe in, a reason to believe that there's a heaven above
Everybody wants to find graffiti bridge
Everybody's looking for love