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Forums > Prince: Music and More > Do the estate/Paisley Park publicly issue their accounts?
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Thread started 07/31/19 1:34pm

purplecream312
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Do the estate/Paisley Park publicly issue their accounts?

Basically wanna know if the Estate are actually making any money. In the grand scheme of things the music releases so far haven’t really sold that much.

Personally I think long term Estate might go bankrupt as the costs of running Paisley Park and restoration of the vault material, legal costs and marketing is likely to cost them more than what they can make.

With their current strategy I think they are screwed. Sad to say it but I hope they do go bankrupt so the music can be passed onto a philapthopic organisation that showcases his music properly. Thoughts?

[Edited 7/31/19 13:36pm]

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Reply #1 posted 07/31/19 1:38pm

nosajd

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Well, aren't you a dose of positivity

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Reply #2 posted 07/31/19 1:44pm

Genesia

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Since the Prince estate is privately held, you will never know any of this.

We don’t mourn artists because we knew them. We mourn them because they helped us know ourselves.
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Reply #3 posted 07/31/19 4:22pm

TrivialPursuit

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Genesia said:

Since the Prince estate is privately held, you will never know any of this.


There ya go. Nor is it really anyone's business. People all up in Prince's shit. It's one thing to talk about business matters, it's another to demand a spreadsheet or whatever.

This experience will cover courtship, sex, commitment, fetishes, loneliness, vindication, love, and hate.
http://bit.ly/1D3FG2U
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Reply #4 posted 07/31/19 11:11pm

udo

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One could see us crowdfunding a Vault release in the future...

Pills and thrills and daffodils will kill... If you don't believe me or don't get it, I don't have time to try to convince you, sorry.
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Reply #5 posted 08/01/19 12:47am

TheEnglishGent

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purplecream3121 said:

Basically wanna know if the Estate are actually making any money. In the grand scheme of things the music releases so far haven’t really sold that much.

Personally I think long term Estate might go bankrupt as the costs of running Paisley Park and restoration of the vault material, legal costs and marketing is likely to cost them more than what they can make.

With their current strategy I think they are screwed. Sad to say it but I hope they do go bankrupt so the music can be passed onto a philapthopic organisation that showcases his music properly. Thoughts?

[Edited 7/31/19 13:36pm]

I don't know how much money they are making but do you understand that their money doesn't just come from sales of new music? Every time somebody buys Purple Rain, streams a song or a song gets played on the radio, that's money to the estate.

RIP sad
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Reply #6 posted 08/01/19 2:03pm

thedoorkeeper

purplecream3121 said:

Sad to say it but I hope they do go bankrupt so the music can be passed onto a philapthopic organisation that showcases his music properly. Thoughts?



I would imagine declaring bankruptcy would probably slow down the release of any music. That's a negative.
Also with bankruptcy the music would considered assets that would be sold off to settle any debts which means the highest bidder would get ownership. That's another negative.
So unlike you I pray they don't end up bankrupting the estate.
[Edited 8/1/19 14:04pm]
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Reply #7 posted 08/01/19 2:51pm

ChickenMcNugge
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I reckon I can keep them afloat all by myself with all of the purple vinyl I'm buying, TBH.

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Reply #8 posted 08/01/19 5:30pm

Seahorsie

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And, don't forget....they don't let you in Paisley Park for free. The day we were there, people were circling the block waiting for it to be time for them to enter the parking lot. (I know, 'cause we were one of them.) The parking lot there is so small that you can't come through the gates until I think 15 minutes before your tour time, if I remember right.

I am thinking I may go again next year too.

Good morning children...take a look out your window, the world is falling...
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Reply #9 posted 08/01/19 8:35pm

ISaidLifeIsJus
tAGame

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The Estate earns a huge amounts of money from royalties.

P has the biggest publishing catalogue of any artist ever.


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