When will the Movie come out?

Flirt1 said:

Yes.

I dont remember whether the Estate documents addressed who found the breach.

APRIL 8, 2019 12:15PM PT
Former Prince Estate Advisors Ordered to Place Millions in Commissions in Escrow


https://variety.com/2019/...8A_35_l7Y4

Seriously, this saddens me that news agencies are almost a month behind on reporting about Prince and his Estate.

luv4u said:

APRIL 8, 2019 12:15PM PT
Former Prince Estate Advisors Ordered to Place Millions in Commissions in Escrow


https://variety.com/2019/...8A_35_l7Y4

Last month the companies of Charles Koppelman and L. Londell McMillan, the former entertainment advisors to the Prince estate, were ordered to place in escrow millions of dollars in compensation they received as a result of two aborted deals they negotiated during their seven-month term. The two have appealed the decision.

An investigation recommended... the funds in question. Special administrator Peter Gleekel wrote, “Both have received something of value in the nature of an unjust action and are not entitled to it and under the circumstances; it would be unjust to permit them to retain it.”

ISaidLifeIsJustAGame said:

Seriously, this saddens me that news agencies are almost a month behind on reporting about Prince and his Estate.

luv4u said:

APRIL 8, 2019 12:15PM PT
Former Prince Estate Advisors Ordered to Place Millions in Commissions in Escrow


https://variety.com/2019/...8A_35_l7Y4

It is sad. The Estate is going cold as far as keeping Prince and his work in the forefront.

nelcp777 said:

ISaidLifeIsJustAGame said:

Seriously, this saddens me that news agencies are almost a month behind on reporting about Prince and his Estate.

It is sad. The Estate is going cold as far as keeping Prince and his work in the forefront.

Because they are going broke paying legal fees. They need to get some more music out.

Heck, they need to put a jar out during the Celebration for donations for legal fees.

PennyPurple said:

nelcp777 said:

It is sad. The Estate is going cold as far as keeping Prince and his work in the forefront.

Because they are going broke paying legal fees. They need to get some more music out.

Heck, they need to put a jar out during the Celebration for donations for legal fees.

I am with you. One would think the heirs would see this as well and stop the bleeding. I would not be surprised if a 3rd party owns the estate in the end.

nelcp777 said:

PennyPurple said:

Because they are going broke paying legal fees. They need to get some more music out.

Heck, they need to put a jar out during the Celebration for donations for legal fees.

I am with you. One would think the heirs would see this as well and stop the bleeding. I would not be surprised if a 3rd party owns the estate in the end.

I know and that's sad.

nelcp777 said:

PennyPurple said:

Because they are going broke paying legal fees. They need to get some more music out.

Heck, they need to put a jar out during the Celebration for donations for legal fees.

I am with you. One would think the heirs would see this as well and stop the bleeding. I would not be surprised if a 3rd party owns the estate in the end.

I don't follow this thread too much, who would be the 3rd party?

I wonder what the current value of the Estate is? I would imagine with legal bills and no new music??

peggyon said:

nelcp777 said:

peggyon said:

I don't follow this thread too much, who would be the 3rd party?

I wonder what the current value of the Estate is? I would imagine with legal bills and no new music??

The 3rd party could be anyone willing to pay the value of the Estate and willing to handle the music an stuff. With the liens and ages of the heirs, the right amount could sway some. Wouldn’t it be crazy if Warner tried it and got it?

I think Jay-Z's sniffin' around.

laytonian said:

nelcp777 said:

peggyon said: The 3rd party could be anyone willing to pay the value of the Estate and willing to handle the music an stuff. With the liens and ages of the heirs, the right amount could sway some. Wouldn’t it be crazy if Warner tried it and got it?

I think Jay-Z's sniffin' around.

And you know this how?

Kinda off topic...but to those who say P should have had a will....Tom Petty had a Trust and named his wife as the Trustee, and his two daughters from a prior marriage to have equal participation. They are now duking it out in Probate court over release of music, and other matters.


https://variety.com/2019/...203180081/

So there ya go.

ISaidLifeIsJustAGame said:

Kinda off topic...but to those who say P should have had a will....Tom Petty had a Trust and named his wife as the Trustee, and his two daughters from a prior marriage to have equal participation. They are now duking it out in Probate court over release of music, and other matters.


https://variety.com/2019/...203180081/

So there ya go.

I have a feeling Prince kinda knew this kind of thing would likely happen

ISaidLifeIsJustAGame said:

luv4u said:

laytonian said:

I think Jay-Z's sniffin' around.

And you know this how?

Because Jay-Z (or his company) listed in the recipients of court documents related to the "pitch book" and release (I won't call it theft) of Omarr's documents.

laytonian said:

nelcp777 said:

peggyon said: The 3rd party could be anyone willing to pay the value of the Estate and willing to handle the music an stuff. With the liens and ages of the heirs, the right amount could sway some. Wouldn’t it be crazy if Warner tried it and got it?

I think Jay-Z's sniffin' around.

Prince(r.i.p.) trusted JAY-Z & was VERY satisfied with their business dealings. He has proven to be a great business man. Particularly how his Roc Nation company handled the Nipsey Hussle nupitials.

muchtoofast said:

ISaidLifeIsJustAGame said:

Kinda off topic...but to those who say P should have had a will....Tom Petty had a Trust and named his wife as the Trustee, and his two daughters from a prior marriage to have equal participation. They are now duking it out in Probate court over release of music, and other matters.


https://variety.com/2019/...203180081/

So there ya go.

Big deal they’re duking it out, wills are ALWAYS a good thing, no responsible financial advisor would advise against one. Not having one, especially when so much is at stake, is just plain lazy.

You got that right! Lazy and "crazy"! haha

peggyon said:

ISaidLifeIsJustAGame said:

Kinda off topic...but to those who say P should have had a will....Tom Petty had a Trust and named his wife as the Trustee, and his two daughters from a prior marriage to have equal participation. They are now duking it out in Probate court over release of music, and other matters.


https://variety.com/2019/...203180081/

So there ya go.

I have a feeling Prince kinda knew this kind of thing would likely happen

Yup.

Everyone saw what happened with James Brown's estate: still in a mess after almost 13 years.

laytonian said:

luv4u said:

And you know this how?

Because Jay-Z (or his company) listed in the recipients of court documents related to the "pitch book" and release (I won't call it theft) of Omarr's documents.

Do you remember where in the court documents Jay-Z is listed?

The heirs are asking the Judge to permanently limit Comerica's powers.


In Comerica's heavily redacted response they state:


"Just within the 6 last months, we have honored the wishes of Heirs in connection with modifying prominent television commercial for the NCAA Final Four, moving the urn containing Prince’s remains from public View, purchasing sound and light system at Paisley Park, securing an agreement t0 honor Prince at an anticipated major Minneapolis development, directing the development 0f NPG merchandise specifically requested by Heirs, and agreeing to provide the Heirs gratis use of Paisley Park for a concert they have proposed."

Comerica also alleges that this motion was filed by the heirs as part of a scheme by Michael Lythcott and Gregg Walker to take control of the assets of the Estate.

Comerica alleges Lythcott and Walker provided confidential documents to DOZENS of potential investers and lenders across the WORLD. As a result, Omarr, Tyka and Alfred executed a term sheet and purported to bind the Estate.


One of the heirs has sued Comerica for 10 billion???

Yikes!

ISaidLifeIsJustAGame said:

The heirs are asking the Judge to permanently limit Comerica's powers.


In Comerica's heavily redacted response they state:


"Just within the 6 last months, we have honored the wishes of Heirs in connection with modifying prominent television commercial for the NCAA Final Four, moving the urn containing Prince’s remains from public View, purchasing sound and light system at Paisley Park, securing an agreement t0 honor Prince at an anticipated major Minneapolis development, directing the development 0f NPG merchandise specifically requested by Heirs, and agreeing to provide the Heirs gratis use of Paisley Park for a concert they have proposed."

Comerica also alleges that this motion was filed by the heirs as part of a scheme by Michael Lythcott and Gregg Walker to take control of the assets of the Estate.

Comerica alleges Lythcott and Walker provided confidential documents to DOZENS of potential investers and lenders across the WORLD. As a result, Omarr, Tyka and Alfred executed a term sheet and purported to bind the Estate.


One of the heirs has sued Comerica for 10 billion???

Yikes!

What does this mean?

Mumio said:

ISaidLifeIsJustAGame said:

The heirs are asking the Judge to permanently limit Comerica's powers.


In Comerica's heavily redacted response they state:


"Just within the 6 last months, we have honored the wishes of Heirs in connection with modifying prominent television commercial for the NCAA Final Four, moving the urn containing Prince’s remains from public View, purchasing sound and light system at Paisley Park, securing an agreement t0 honor Prince at an anticipated major Minneapolis development, directing the development 0f NPG merchandise specifically requested by Heirs, and agreeing to provide the Heirs gratis use of Paisley Park for a concert they have proposed."

Comerica also alleges that this motion was filed by the heirs as part of a scheme by Michael Lythcott and Gregg Walker to take control of the assets of the Estate.

Comerica alleges Lythcott and Walker provided confidential documents to DOZENS of potential investers and lenders across the WORLD. As a result, Omarr, Tyka and Alfred executed a term sheet and purported to bind the Estate.


One of the heirs has sued Comerica for 10 billion???

Yikes!

What does this mean?

A term sheet an agreement before the final contract is signed.
If you recall P allegedly signed a term sheet for Jay-Z (RocNation) for his music.

ISaidLifeIsJustAGame said:

The heirs are asking the Judge to permanently limit Comerica's powers.


In Comerica's heavily redacted response they state:


"Just within the 6 last months, we have honored the wishes of Heirs in connection with modifying prominent television commercial for the NCAA Final Four, moving the urn containing Prince’s remains from public View, purchasing sound and light system at Paisley Park, securing an agreement t0 honor Prince at an anticipated major Minneapolis development, directing the development 0f NPG merchandise specifically requested by Heirs, and agreeing to provide the Heirs gratis use of Paisley Park for a concert they have proposed."

Comerica also alleges that this motion was filed by the heirs as part of a scheme by Michael Lythcott and Gregg Walker to take control of the assets of the Estate.

Comerica alleges Lythcott and Walker provided confidential documents to DOZENS of potential investers and lenders across the WORLD. As a result, Omarr, Tyka and Alfred executed a term sheet and purported to bind the Estate.


One of the heirs has sued Comerica for 10 billion???

Yikes!

I read the article on https://theblast.com/prin...]The Blast and didn't see anything about $10 billion -- but found it in Comerica's excellent rebuttal http://www.mncourts.gov/m...9.pdf]HERE. Who'd sue for $10 billion? One of the two older men who seem to share mental illnesses.

BUT, it's hilarious that the heirs are complaining about legal fees when they've been suing each other and any ass they can find for the past three years.

TAO are suddenly the greedy ones in league with L&W?

Interesting that only $31 million in estate taxes (plus interest) are still due. The estate was initially estimated at $100-$300 million (with 51% due to estate taxes), which would be $51-$153 million due.

As for my comments about Jay-Z sniffing around, he was in receipt of some interesting court documents....but there's so many filings, I cannot go back to find it and have no search capability.

[Edited 4/16/19 14:40pm]

ISaidLifeIsJustAGame said:

Mumio said:

What does this mean?

A term sheet an agreement before the final contract is signed.
If you recall P allegedly signed a term sheet for Jay-Z (RocNation) for his music.

So Omarr, Tyka and Alfred tried to make a deal without CoAmerica knowing about it? They are trying to sell stuff off?

Never expected any of that from the 2 younger ones.

luv4u said:

laytonian said:

I think Jay-Z's sniffin' around.

And you know this how?

When Prince died I had hoped another entertainer with deep pockets would get involved. I was thinking Salma Hayek since she knew Prince and she and her husband could afford to have money tied up for a long while. I don't have a problem with Jay-Z either. I think he would look at it not only as a profit for himself but also as doing something that would make Prince fans proud.

Deadflow3r said:

luv4u said:

And you know this how?

When Prince died I had hoped another entertainer with deep pockets would get involved. I was thinking Salma Hayek since she knew Prince and she and her husband could afford to have money tied up for a long while. I don't have a problem with Jay-Z either. I think he would look at it not only as a profit for himself but also as doing something that would make Prince fans proud.

ChocolateBox3121 said:

Deadflow3r said:

When Prince died I had hoped another entertainer with deep pockets would get involved. I was thinking Salma Hayek since she knew Prince and she and her husband could afford to have money tied up for a long while. I don't have a problem with Jay-Z either. I think he would look at it not only as a profit for himself but also as doing something that would make Prince fans proud.

Just quit. R Kelly is looking for ya on another thread.

ISaidLifeIsJustAGame said: