LOVESYMBOLNUMBER2 said:

Graceland has 600000 visitors a year, still 40 years after Elvis death, that's about 1650 visitors per day, and they generate somewhere around 30 million a year in sales and merchandising etc. How much could it cost to keep paisley park open...does anyone know how many people visit a day? Also there is still going to be triple digit millions left in princes estate after it is settled, and if his family really believes he wanted paisley to remain open, they can pony up any deficits from their inheritance...

Don't forget establishing AND FUNDING a trust for the charities Prince supported...don't you think it's the least they can do with a portion of the windfall they will inherit for making amazing music for 40 years?

I brought up Graceland because there was an article in the paper the other day about concerns expressed by management that the customer base for Elvis and the attraction does not extend to millenials. I think it has to be a concern for those handling Prince's estate and PP. As someone who has run a business for decades, I tend to look at the financials in a way that reflects my experiences over the years. People here and on other sites have challenged my opinion but I don't see things as positively as others do.

Bodhitheblackdog said:

rogifan said:

Bodhitheblackdog said:

Don't forget establishing AND FUNDING a trust for the charities Prince supported...don't you think it's the least they can do with a portion of the windfall they will inherit for making amazing music for 40 years?

And Prince didn’t establish this when he was alive because?

The public would have no knowledge of a trust for charities if he set one up. In addtion, he may have been happy with the charities in directly supported and may not have been comfortable with the idea of setting something up that he could not oversee.

Trust for charities that people who have passed away have run into problems before.

The Ray Charles and James Brown trust have still not been able to function due to family members filing suits. I am sure that their wishes will not be honored and all of the money will be gone to legal fees and remember both Ray and James had wills and set up charitable trust.

I am certain Prince was aware of the problems with Ray and JB estates. I honestly thing that is the reason he gave so much away while he was around.

laurarichardson said:

The public would have no knowledge of a trust for charities if he set one up. In addtion, he may have been happy with the charities in directly supported and may not have been comfortable with the idea of setting something up that he could not oversee.

Trust for charities that people who have passed away have run into problems before.

The Ray Charles and James Brown trust have still not been able to function due to family members filing suits. I am sure that their wishes will not be honored and all of the money will be gone to legal fees and remember both Ray and James had wills and set up charitable trust.

I am certain Prince was aware of the problems with Ray and JB estates. I honestly thing that is the reason he gave so much away while he was around.

I honestly don't get why so many people think they need to dictate what the family should and shouldn't do with the money they inherit. I'm with you Laura, there is no telling what he may have set up charity-wise nor will there ever really be a way to know how much he gave away. I am completely satisfied that Prince handled HIS money the way HE wanted to while he was still here. He left things the way he did and knew his heirs would inherit the rest. If that was good enough for him, it's good enough for me. They can do whatever they want with the money they inherit, just like any of us would also do with inherited money, and it's nobody's business how they spend it. If he wanted all of it to go to charity, he'd have set it up that way.

[Edited 8/30/17 8:53am]

So, let me get this straight:

1. Prince was a brilliant businessman/tactician who, even though in failing health, left his worldly affairs EXACTLY as he wanted them to be;

2. He hadn’t cared, for years, about growing his fan base and

3. He specifically wanted his family to be entrusted with his music, legacy and reputation.

   The man has spoken, it is what it is, it will never get better and the only thing driving anything remotely related to Prince is how to maximize the estate for the benefit of people he barely spoke to. Makes perfect sense.

Bodhi, I think that's it in a nutshell. Someone climbed all over me on FB today when I mentioned that things might not have been left in the best order on April 21, 2016.

Mumio said:

Mumio said:

laurarichardson said:

The public would have no knowledge of a trust for charities if he set one up. In addtion, he may have been happy with the charities in directly supported and may not have been comfortable with the idea of setting something up that he could not oversee.

Trust for charities that people who have passed away have run into problems before.

The Ray Charles and James Brown trust have still not been able to function due to family members filing suits. I am sure that their wishes will not be honored and all of the money will be gone to legal fees and remember both Ray and James had wills and set up charitable trust.

I am certain Prince was aware of the problems with Ray and JB estates. I honestly thing that is the reason he gave so much away while he was around.

I honestly don't get why so many people think they need to dictate what the family should and shouldn't do with the money they inherit. I'm with you Laura, there is no telling what he may have set up charity-wise nor will there ever really be a way to know how much he gave away. I am completely satisfied that Prince handled HIS money the way HE wanted to while he was still here. He left things the way he did and knew his heirs would inherit the rest. If that was good enough for him, it's good enough for me. They can do whatever they want with the money they inherit, just like any of us would also do with inherited money, and it's nobody's business how they spend it. If he wanted all of it to go to charity, he'd have set it up that way.

[Edited 8/30/17 8:53am]

Co-sign. Even if he had left a specfic amount to each family member once they inherit they can do what they want will or no will. Or just be left a business that they run into the ground or just decide to sell. A will would really have made things move faster for them and maybe not having one is forcing them to think a little bit.

Sharon also said they would like to donate to charities.

Bodhitheblackdog said:

So, let me get this straight:

1. Prince was a brilliant businessman/tactician who, even though in failing health, left his worldly affairs EXACTLY as he wanted them to be;

2. He hadn’t cared, for years, about growing his fan base and

3. He specifically wanted his family to be entrusted with his music, legacy and reputation.

   The man has spoken, it is what it is, it will never get better and the only thing driving anything remotely related to Prince is how to maximize the estate for the benefit of people he barely spoke to. Makes perfect sense.

1) No one stated this at all. Do you know anything about business? There is always a risk and nothing ever goes perfect all the time. He owned his masters, publishing, record lable, put out his own music for over 20 years independly had high grossing tours and residency and 40 million in real estate. He had very little debt when he died. The last time I looked if you more assets than liablities your good.

Can you name me other mainstream pop stars who did what he did for as long as he did? The guy a subscrition music service 15 years before people knew what a Sportify was.

Did it ever occur to you he was not planning on dying?

2) If he did not care why was he still putting out music and touring? Did you mis ONA, Musicology, Vegas and the O2 concerts. Did you miss on the one off songs that were avalible via the internet some for free. Did you miss Tidal and the last concert tour. You realize he may have been doing many of these things while in pain. According to Scott Baldwin Prince was in a lot of pain during the Musicology tour.

3) He must have since he did not leave a will and he was the executor of his dad's estate and his dad did not have a will. He knew what would happen if he did not have a will and according to his ex wives he had wills before. I am not sure what you think his family members are going to do to his reputation? It does not matter if it makes sense to you it was what he wanted.

[Edited 8/30/17 13:20pm]

rogifan said:

Mumio said:

laurarichardson said:

The public would have no knowledge of a trust for charities if he set one up. In addtion, he may have been happy with the charities in directly supported and may not have been comfortable with the idea of setting something up that he could not oversee.

Trust for charities that people who have passed away have run into problems before.

The Ray Charles and James Brown trust have still not been able to function due to family members filing suits. I am sure that their wishes will not be honored and all of the money will be gone to legal fees and remember both Ray and James had wills and set up charitable trust.

I am certain Prince was aware of the problems with Ray and JB estates. I honestly thing that is the reason he gave so much away while he was around.

I honestly don't get why so many people think they need to dictate what the family should and shouldn't do with the money they inherit. I'm with you Laura, there is no telling what he may have set up charity-wise nor will there ever really be a way to know how much he gave away. I am completely satisfied that Prince handled HIS money the way HE wanted to while he was still here. He left things the way he did and knew his heirs would inherit the rest. If that was good enough for him, it's good enough for me. They can do whatever they want with the money they inherit, just like any of us would also do with inherited money, and it's nobody's business how they spend it. If he wanted all of it to go to charity, he'd have set it up that way.

[Edited 8/30/17 8:53am]

I don’t understand why some are so bitter that his siblings are going to inherit his estate. I don’t know any of these people personally, they’ve never done anything to me so why should I hate them?

1Sasha said:

I brought up Graceland because there was an article in the paper the other day about concerns expressed by management that the customer base for Elvis and the attraction does not extend to millenials. I think it has to be a concern for those handling Prince's estate and PP. As someone who has run a business for decades, I tend to look at the financials in a way that reflects my experiences over the years. People here and on other sites have challenged my opinion but I don't see things as positively as others do.

They can reach out to the millenials and future by finding way to get those customers. I am not sure why when it comes Prince everything has to be doom and gloom. Selena also an attraction that has similar things in it like Graceland and Paisley Park.

1Sasha said:

Anyone read the latest regarding Tidal? 44 pages ...

I did see it but it sounds like Tidal is just wasting everyone's time? I'll admit I didn't read beyond the first couple pages though.

Did you? And if you did, what did you get out of it?

Mumio said:

Seems I'm losing track of the who's who. When did Fiduciary Trust Company get in on all of this?

Mumio said:

laurarichardson said:

The public would have no knowledge of a trust for charities if he set one up. In addtion, he may have been happy with the charities in directly supported and may not have been comfortable with the idea of setting something up that he could not oversee.

Trust for charities that people who have passed away have run into problems before.

The Ray Charles and James Brown trust have still not been able to function due to family members filing suits. I am sure that their wishes will not be honored and all of the money will be gone to legal fees and remember both Ray and James had wills and set up charitable trust.

I am certain Prince was aware of the problems with Ray and JB estates. I honestly thing that is the reason he gave so much away while he was around.

I honestly don't get why so many people think they need to dictate what the family should and shouldn't do with the money they inherit. I'm with you Laura, there is no telling what he may have set up charity-wise nor will there ever really be a way to know how much he gave away. I am completely satisfied that Prince handled HIS money the way HE wanted to while he was still here. He left things the way he did and knew his heirs would inherit the rest. If that was good enough for him, it's good enough for me. They can do whatever they want with the money they inherit, just like any of us would also do with inherited money, and it's nobody's business how they spend it. If he wanted all of it to go to charity, he'd have set it up that way.

[Edited 8/30/17 8:53am]

Co-sign..

and Ill also ADD...

Van Jones has signed a management Deal with ROC NATION for his #Lovearmy WE WILL RISE Tour with 100% of the Proceeds going to Dream Corps....

Its clear that VAn is very much inspired by Prince overall and no matter what People may think about JAY Z, Roc Nation joining hands with VAn....well...

Smells Purple to me....

WE do NOT know what is going on behind the scenes and given Princes proclivity for Privite GIVING its very likely that we will never KNOW what kind of initiatives he set up....though Im betting that once his family settles all matters of the Estate...any Charitable giving THEY decide to do, will most certainly carry Princes name along side it...

morningsong said:

1Sasha said:

laurarichardson said:

purplefam99 said:

laurarichardson said:

The public would have no knowledge of a trust for charities if he set one up. In addtion, he may have been happy with the charities in directly supported and may not have been comfortable with the idea of setting something up that he could not oversee.

Trust for charities that people who have passed away have run into problems before.

The Ray Charles and James Brown trust have still not been able to function due to family members filing suits. I am sure that their wishes will not be honored and all of the money will be gone to legal fees and remember both Ray and James had wills and set up charitable trust.

I am certain Prince was aware of the problems with Ray and JB estates. I honestly thing that is the reason he gave so much away while he was around.

That must have been a superb feeling to give while alive To help like that. if I Was ever that lucky I could see making the mistake of no will Myself because the giving feels so good to do when your alive! And I read he would just gift cash to people in passing. Man what a dream to be able to help like that!!!

Right??

purplefam99 said:

laurarichardson said:

The public would have no knowledge of a trust for charities if he set one up. In addtion, he may have been happy with the charities in directly supported and may not have been comfortable with the idea of setting something up that he could not oversee.

Trust for charities that people who have passed away have run into problems before.

The Ray Charles and James Brown trust have still not been able to function due to family members filing suits. I am sure that their wishes will not be honored and all of the money will be gone to legal fees and remember both Ray and James had wills and set up charitable trust.

I am certain Prince was aware of the problems with Ray and JB estates. I honestly thing that is the reason he gave so much away while he was around.

That must have been a superb feeling to give while alive To help like that. if I Was ever that lucky I could see making the mistake of no will Myself because the giving feels so good to do when your alive! And I read he would just gift cash to people in passing. Man what a dream to be able to help like that!!!

Actually we can all help like that...

Dollar value is relative to earning capacity

but the spirit of Giving, as he did, silently and without wanting any prestigeous returns

can be done by each and every one of us, at any given time....

Helping an old lady across the street without going home and posting all over your social media about your good deed for example

or bringing in your Neighbours laundry when they are not home and you know its going to rain...

small little acts are just as significant as larger things.

qualitatively the same, but quantatively different.

REAL Giving has less to do with how YOU feel

and more to do with knowing that you are able to take away some one elses pain..

however large or small

The test of selflessness comes into play when your focus is carrying a burden for someone else

as opposed to taking something for yourself (glory, Credit feeling good etc)

Prince had it down... when I learned of all the stuff he was doing,

well...

I started to look for more ways to act generously in my own life according to my own capacity.

1Sasha said:

Anyone read the latest regarding Tidal? 44 pages ...

In essence, the PR is claiming that Tidal has not produced the requested documents. The requests are listed numerically by Tidal, and give a reason why they did not produce the documents. Most responses are repeatitive, "Request is vague, burensome, or "The PR already has them" or "Client-priviliege information" or "Priviliged financial data". My quotes, not Tidals.

What is clear, if you look at what is being requested, the PR is trying to establish the validity of Tidal's claims.

1Sasha said:

said:

nelcp777 said:

1Sasha said:

Anyone read the latest regarding Tidal? 44 pages ...

In essence, the PR is claiming that Tidal has not produced the requested documents. The requests are listed numerically by Tidal, and give a reason why they did not produce the documents. Most responses are repeatitive, "Request is vague, burensome, or "The PR already has them" or "Client-priviliege information" or "Priviliged financial data". My quotes, not Tidals.

What is clear, if you look at what is being requested, the PR is trying to establish the validity of Tidal's claims.

Yes, they are but Tidal has already produced the document. Does anyone think Pheadra is saying her signature was forged or that this was not the document she signed? Because if she had POA and she signed it I do not see how the estate thinking that Prince would have never agreeded to the image exclusivity clause would be a valid reason for claiming it is fake document.

I think the request for tax forms, statements, and shareholder meeting notes is the Estate looking for proof but also money.

LOVESYMBOLNUMBER2 said:

Graceland has 600000 visitors a year, still 40 years after Elvis death, that's about 1650 visitors per day, and they generate somewhere around 30 million a year in sales and merchandising etc. How much could it cost to keep paisley park open...does anyone know how many people visit a day? Also there is still going to be triple digit millions left in princes estate after it is settled, and if his family really believes he wanted paisley to remain open, they can pony up any deficits from their inheritance...

JAM!!! Gone Elvis!

And Regarding the red: AMEN!

laurarichardson said:

nelcp777 said:

In essence, the PR is claiming that Tidal has not produced the requested documents. The requests are listed numerically by Tidal, and give a reason why they did not produce the documents. Most responses are repeatitive, "Request is vague, burensome, or "The PR already has them" or "Client-priviliege information" or "Priviliged financial data". My quotes, not Tidals.

What is clear, if you look at what is being requested, the PR is trying to establish the validity of Tidal's claims.

Yes, they are but Tidal has already produced the document. Does anyone think Pheadra is saying her signature was forged or that this was not the document she signed? Because if she had POA and she signed it I do not see how the estate thinking that Prince would have never agreeded to the image exclusivity clause would be a valid reason for claiming it is fake document.

I think the request for tax forms, statements, and shareholder meeting notes is the Estate looking for proof but also money.

Yeah, but POA can have limitations to them.

nelcp777 said:

laurarichardson said:

Yes, they are but Tidal has already produced the document. Does anyone think Pheadra is saying her signature was forged or that this was not the document she signed? Because if she had POA and she signed it I do not see how the estate thinking that Prince would have never agreeded to the image exclusivity clause would be a valid reason for claiming it is fake document.

I think the request for tax forms, statements, and shareholder meeting notes is the Estate looking for proof but also money.

Yeah, but POA can have limitations to them.

I know see the link of the form the Minneasota Court I posted. I am thinking if the POA Pheadra signed had limitation concerning finicial matters or business contracts then this case would not even being going to court.

It would be that Pheadra did not have right to sign the Equity Term Agreement and the agreement would be thrown out instead the Estate is saying they think the doc is fake because of the provisions concerning the exclusivitiy of the use of Prince's image as if they would have knowledge that he would be against such a thing.

It is a weak argument.

Did Pheadra have POA and did she authority to sign a business contract? It is a yes or no question Did she actually sign this agreement? Why is the estate not making these arguments?

Why would the parent company of Tidal and a major lawfirm produce a fraudlent document? When the person who suppositly signed it is alive and well. Why would the parent company risk a copyright infingement lawsuit which could result in punititive damages.

No one forced Prince to work with Tidal and there is plenty of evidence that he was fully on board with this company.

He sent them content right up to week before he died. I am sorry it looks like a gang of theives dressed like attorneys are trying to force that music off of that platform with wild accusations.

LOVESYMBOLNUMBER2 said:

Graceland has 600000 visitors a year, still 40 years after Elvis death, that's about 1650 visitors per day, and they generate somewhere around 30 million a year in sales and merchandising etc. How much could it cost to keep paisley park open...does anyone know how many people visit a day? Also there is still going to be triple digit millions left in princes estate after it is settled, and if his family really believes he wanted paisley to remain open, they can pony up any deficits from their inheritance...

No...

but I was intrigued enough to go and check it out...

if you go and try and book online for example a General admission ticket you can get a basic idea

On September 30

General Admission is $38.50

There are 18 Time Slots per day

and they run 7 Days a week

SO on that you can work out that if they allow only 10 people per time slot

you have 10 x 18 x 7 x $38.50 = $48,510 per week /General Admission

$2,522,520 per year from that alone..( est:65,000 visitors per year)

Add the VIP Tour which also runs 18 Times @$100.00 and working on an Average of 10 per time slot

you have 10 x 18 x 7 x $100 = $126,000 per week/VIP

$6,552,000 per Year

September 1 they have the Musicology 2017 Tour with an evening concert @ $100

Assuming that 500 People attend that, well thats another $50,000 right there...

add to that Paisley Park after Dark and the Ultimate Experience..well

I think they are doing just fine without the Family having to Fork out anything from their Inheritance...

Kim Berry said in one of her Podcasts that Prince had been getting things ready for the last 10 years.....

to all those people who say Prince was a terrible Business man......