charismatic said:

30 million seems like a low figure anyway. They need to hire Michael Jackson's estate management who pulled in nearly billion dollars, unless of course y'all don't think Prince could pull in a billion. Hell Michael Jackson got a 50 million dollar deal in the 90s. Yes, 30 million is low balling.

Thank You!

charismatic said:

NME01 said:

charismatic said:

30 million seems like a low figure anyway. They need to hire Michael Jackson's estate management who pulled in nearly billion dollars, unless of course y'all don't think Prince could pull in a billion. Hell Michael Jackson got a 50 million dollar deal in the 90s. Yes, 30 million is low balling.

$ 30 million IS A LOT of money for a bunch of special interest-material. The idea of the mass market keenly welcoming the re-release of Prince's catalogue is ludicrous. Even the most brilliant vault-material will never ever provoke interest in people outside the fan-communities we're debating in.

nonesuch said:

charismatic said:

30 million seems like a low figure anyway. They need to hire Michael Jackson's estate management who pulled in nearly billion dollars, unless of course y'all don't think Prince could pull in a billion. Hell Michael Jackson got a 50 million dollar deal in the 90s. Yes, 30 million is low balling.

$ 30 million IS A LOT of money for a bunch of special interest-material. The idea of the mass market keenly welcoming the re-release of Prince's catalogue is ludicrous. Even the most brilliant vault-material will never ever provoke interest in people outside the fan-communities we're debating in.

thats my theory....however a little ingenuity and theyll recoup all that amd more

luvsexy4all said:

nonesuch said:

$ 30 million IS A LOT of money for a bunch of special interest-material. The idea of the mass market keenly welcoming the re-release of Prince's catalogue is ludicrous. Even the most brilliant vault-material will never ever provoke interest in people outside the fan-communities we're debating in.

thats my theory....however a little ingenuity and theyll recoup all that amd more

Anyone in charge could recoupe that $ 30 million advance. Let's just hope that it will eventually be done with taste and in style, which I very much doubt unless some from the "old guard" like Alan Leeds or a musician like Questlove is going to be appointed Vaultmeister.

they need a "fan" who has been around long enough to oversee this

.
I think it's about time someone creates a sticky for this forum on music business 101. I don't mean no disrespect, but let's be honest: a lot of people here obviously have no clue what publishing means, how licensing works or how record companies sign artists and put out releases.
.
I just saw people comparing these multimillion-dollar deals when they are comparing apples to oranges. Record deals, publishing deals and licensing deals are entirely different beasts, they cannot be compared.
.

Based on what was reported in the press, the estate obviously did NOT sell the vault for 30 million. Nor did they sell Prince's publishing rights of course. (They have signed a deal with Universal Music Publishing earlier to administer Prince's publishing, but that doesn't mean selling those rights.)
.
The reportedly 30 million dollar deal was signed with Universal Music Group for the licensing rights of the recordings in the vault. It doesn't mean the recordings in the vault were sold for 30 million. It doesn't mean the estate won't make a lot more money on future releases by UMG. This is only about licensing rights. The estate is still the owner of the recordings, but they will license recordings to UMG for future releases – but every time something is released, the estate will still be paid an undisclosed portion (the so-called mechanical royalties) of every single copy UMG sells, and Prince's heirs will still receive their share of Prince's publishing royalties (as well as performance royalties every time a composition is played on radio or TV or performed on stage, for example).
.
So please stop comparing apples to oranges.

MiceElfAgin said:

jaypotton said:

MiceElfAgin said:

AnnaSantana said:

leadline said:

It will all come together eventually when the suits get past their ego and greed.

So, it will never come together then.

I agree that it'll all come together...eventually.

After nearly losing the opportunity, I think it's not outside the realm of possibility that WB will making a much larger offer than the original UMG offer was, especially since all industry eyes are watching this go down.

WB is definitely in the spotlight. If they screw over the estate, the entire industry will be remembering what P had been saying all along and watch WB be repositioning themselves negatively through their following actions if they don't act fairly with the estate.

Also, having these things happen brings attention to P's work due to public curiosity. Folks can't help being curious about what the fuss is...and they'll buy up P's stuff and memorabilia out of morbid curiosity. So what?

Some who buy out of curiosity will become loyal fans.

This is gonna cause a fear that folks who've never paid much attention to P won't be able to buy his music, so the reaction will be "I gotta hurry and buy it all now before I miss out!" It's human nature.

And between that buying making P's music chart again...Voila~...It's all publicity.

Don't worry. It may take fans who are already familiar with P's stuff a bit longer to get the pristine stuff or new vault releases, but WB's pride is on the line and they'll act out of not wanting to appear as foolish as they feel.

I'm getting the feeling that P deliberately orchestrated things so that something like this would happen and jam WB up.

[Edited 5/8/17 2:00am]

jaypotton said: