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Link to court documents: http://www.mncourts.gov/I...elson.aspx

Omarr sold 100% of his expected inheritance to Primary Wave on June 30, 2021.

ISaidLifeIsJustAGame said:

Omarr sold 100% of his expected inheritance to Primary Wave on June 30, 2021.

With artists selling their publishing and catalogs for hundreds of millions, it's good business sense for the heirs.
I think Primary Wave would be better managers than the family.

THEN, there's "that woman" trying to claim all of it. Five pages of claims but she left three blank.
Poor soul.

ISaidLifeIsJustAGame said:

Omarr sold 100% of his expected inheritance to Primary Wave on June 30, 2021.

Yep.

ISaidLifeIsJustAGame said:

Omarr sold 100% of his expected inheritance to Primary Wave on June 30, 2021.

laytonian said:

With artists selling their publishing and catalogs for hundreds of millions, it's good business sense for the heirs.
I think Primary Wave would be better managers than the family.

THEN, there's "that woman" trying to claim all of it. Five pages of claims but she left three blank.
Poor soul.

Who is she supposed to be?

laytonian said:

ISaidLifeIsJustAGame said:

Omarr sold 100% of his expected inheritance to Primary Wave on June 30, 2021.

With artists selling their publishing and catalogs for hundreds of millions, it's good business sense for the heirs.
I think Primary Wave would be better managers than the family.

THEN, there's "that woman" trying to claim all of it. Five pages of claims but she left three blank.
Poor soul.

I think the judge will likely throw that out

PennyPurple said:

ISaidLifeIsJustAGame said:

Omarr sold 100% of his expected inheritance to Primary Wave on June 30, 2021.

I think P's family were in over their head but I think I would have kept a certain % even if it was 1%.

So does this mean that PW can release music and do anything they want? Once of course the Estate is settled.

That could be some major $$ made, that they don't get any of if they've sold 100% of their shares.

Alfred is/was 100%

Omarr is 100%

Tyka is 90%

luv4u said:

ISaidLifeIsJustAGame said:

Omarr sold 100% of his expected inheritance to Primary Wave on June 30, 2021.

Yep.

My heart dropped when I saw this. Thank you.

PennyPurple said:

So does this mean that PW can release music and do anything they want? Once of course the Estate is settled.

That could be some major $$ made, that they don't get any of if they've sold 100% of their shares.

Alfred is/was 100%

Omarr is 100%

Tyka is 90%

And Lawnie and Charles Spicer also got some shares from the elders, but we don't know how much. Perhaps they will sell too to get their hands on some cash before they die. I don't know what kind of family members any of them have to leave anything to.

Mumio said:

PennyPurple said:

So does this mean that PW can release music and do anything they want? Once of course the Estate is settled.

That could be some major $$ made, that they don't get any of if they've sold 100% of their shares.

Alfred is/was 100%

Omarr is 100%

Tyka is 90%

And Lawnie and Charles Spicer also got some shares from the elders, but we don't know how much. Perhaps they will sell too to get their hands on some cash before they die. I don't know what kind of family members any of them have to leave anything to.

Ugh, Lawnie....still.

Primary Wave has its hands in a lot of artist work. This may not be a bad thing?

nelcp777 said:

Primary Wave has its hands in a lot of artist work. This may not be a bad thing?

I've thought for a while that they are not equipped to deal with his estate/music themselves so I am not upset at this. All I really care about is that his legacy lives on and that might be best handled by pros. I am annoyed that Londell managed to get his hands on any piece of this though, but we did see him angling for it from the start.

Mumio said:

nelcp777 said:

Primary Wave has its hands in a lot of artist work. This may not be a bad thing?

I've thought for a while that they are not equipped to deal with his estate/music themselves so I am not upset at this. All I really care about is that his legacy lives on and that might be best handled by pros. I am annoyed that Londell managed to get his hands on any piece of this though, but we did see him angling for it from the start.

I agree.

PennyPurple said:

So does this mean that PW can release music and do anything they want? Once of course the Estate is settled.

That could be some major $$ made, that they don't get any of if they've sold 100% of their shares.

Alfred is/was 100%

Omarr is 100%

Tyka is 90%

Sounds about right, especially if they had CON-tracted loans they couldn't pay back? As it is quoted in the Industry Rule handbook (4080) part B. "Amid all the Chaos & Disorder use the Hoodwink & Bamboozle methodology on the ones who are easily mislead by greed and ignorance, they will give up everything without realizing they are getting ."

[Edited 7/12/21 21:02pm]

[Edited 7/12/21 21:10pm]

TheEquilizer said:

PennyPurple said:

So does this mean that PW can release music and do anything they want? Once of course the Estate is settled.

That could be some major $$ made, that they don't get any of if they've sold 100% of their shares.

Alfred is/was 100%

Omarr is 100%

Tyka is 90%

Sounds about right, especially if they had CON-tracted loans they couldn't pay back? As it is quoted in the Industry Rule handbook (4080) part B. "Amid all the Chaos & Disorder use the Hoodwink & Bamboozle methodology on the ones who are easily mislead by greed and ignorance, they will give up everything without realizing they are getting ."

Lawdy, I need a translator.

TheEquilizer said:

PennyPurple said:

So does this mean that PW can release music and do anything they want? Once of course the Estate is settled.

That could be some major $$ made, that they don't get any of if they've sold 100% of their shares.

Alfred is/was 100%

Omarr is 100%

Tyka is 90%

Sounds about right, especially if they had CON-tracted loans they couldn't pay back? As it is quoted in the Industry Rule handbook (4080) part B. "Amid all the Chaos & Disorder use the Hoodwink & Bamboozle methodology on the ones who are easily mislead by greed and ignorance, they will give up everything without realizing they are getting ."

[Edited 7/12/21 21:02pm]

[Edited 7/12/21 21:10pm]

Ahh...I see..

onlyforaminute said:

I guess Tyka retained 10% because she’s the only one with heirs of her own. That's bizarre when you think about it.

None of the others have children?

PennyPurple said:

ISaidLifeIsJustAGame said:

I think P's family were in over their head but I think I would have kept a certain % even if it was 1%.

Tyka hasn't sold *all* of her share. It's like Mattie's children all made a sale. I don't think Sharon, Norrine or John (who really needs help with being capable) are still in 100%.

All major artists have sold their publishing, so that's not alarming. But selling P's personal effects and Paisley Park is a bridge too far to cross.

laytonian said:

laytonian said:

ISaidLifeIsJustAGame said:

I think P's family were in over their head but I think I would have kept a certain % even if it was 1%.

Tyka hasn't sold *all* of her share. It's like Mattie's children all made a sale. I don't think Sharon, Norrine or John (who really needs help with being capable) are still in 100%.

All major artists have sold their publishing, so that's not alarming. But selling P's personal effects and Paisley Park is a bridge too far to cross.

Sorry, I disagree...I think they have sold a portion to Lonnie and his partner.

ISaidLifeIsJustAGame said:

laytonian said:

Tyka hasn't sold *all* of her share. It's like Mattie's children all made a sale. I don't think Sharon, Norrine or John (who really needs help with being capable) are still in 100%.

All major artists have sold their publishing, so that's not alarming. But selling P's personal effects and Paisley Park is a bridge too far to cross.

Sorry, I disagree...I think they have sold a portion to Lonnie and his partner.

That's not showing in the 7/20 Stipulaton, which gave Primary Wave (Omarr's, Alfred's and a percent of Tykas) the same status as the "Living Heirs" because Primary Wave is now owns the largest share of the expectancy.

Londell's company wasn't listed as a partner and neither he nor his partner are listed as ownership of Primary Wave.

If SNJ did sell, it must not have been a major portion.

https://en.wikipedia.org/wiki/Primary_Wave_(company)

The Lonnie stuff went *poof*.

laytonian said:

ISaidLifeIsJustAGame said:

Sorry, I disagree...I think they have sold a portion to Lonnie and his partner.

That's not showing in the 7/20 Stipulaton, which gave Primary Wave (Omarr's, Alfred's and a percent of Tykas) the same status as the "Living Heirs" because Primary Wave is now owns the largest share of the expectancy.

Londell's company wasn't listed as a partner and neither he nor his partner are listed as ownership of Primary Wave.

If SNJ did sell, it must not have been a major portion.

https://en.wikipedia.org/wiki/Primary_Wave_(company)

The Stipulation did not mention the 3 elder Nelsons. It was merely a Stipulation acknowledging Primary Wave as the primary beneficiary.

Big music firm controls half of Prince's estate as case winds down

https://www.startribune.c...fresh=true