Author | Message |
Hip-Hop-Producer Scott Storch's Financial Woes July 18, 2008 Link Just a few years ago, Scott Storch was one of the top producers in pop music, living in a $10.5 million mansion on an exclusive Miami island, driving a phalanx of luxury cars and dating the likes of Paris Hilton and Lil Kim. Nowadays, Scott Storch, 34, is missing in action. He owes over $500,000 in real estate taxes and had a warrant out for his arrest when he failed to show up in court in a child-support case last month. He has not had a top 10 hit in three years. He still has his waterfront marble mansion but his lawyer, Guy Spiegelman, says Storch is attempting to refinance it after a "catastrophic occurrence this year" resulting from "mismanagement." Storch no longer works with his old manager or publicist. He hasn't talked to either of his children in months. Replete with tragic details and bad behaviour, the ballad of Scott Storch may be the swan song of the bling era, a riches-to-rags tale of excess, poor decisions and a hobbled music industry. Born in Halifax and raised in South Florida and the Philadelphia area, Storch is a high-school dropout from a broken, middle-class family, who turned serious musician chops and intense ambition into a high-flying career. Vanessa Bellido met him when they were both in high school and he was a talented keyboardist. "He always knew what he wanted to be," she says. "He would play the piano unbelievably. He was like, 'I'm going to make it, I'm going to make it.' Even at 15 he was an old soul. Real smart, real different." ($10M Star Island mansion on Miami Beach) ($12M yacht repoed) While still a teen, Storch was a founding member of the band Roots. He produced their breakthrough single "You Got Me," which helped Philly's acclaimed live hip-hop band win a Grammy, and gave the sandy-haired Jewish producer serious hip-hop credentials. Deciding he preferred studios to touring, Storch moved to Los Angeles to work with Dr. Dre. There his keyboard loops helped form the basis of such hits as "Still D.R.E." He produced seven tracks on Christina Aguilera's "Stripped" album, including "Can't Hold Us Down," which featured Lil Kim. Storch decided to return to his Florida roots to, as he has said, build his empire. Beginning in 2003, the hits rolled in: Beyonce's "Naughty Girl," Terror Squad's "Lean Back," 50 Cent's "Candy Shop," and Chris Brown's "Run It." Storch had the quintessential producer's talent for coaxing career-making performances out of both veteran and new artists. "When we created that 'Baby Boy' record, Sean had only worked with Jamaican producers," says Atlantic Records chairman and CEO Craig Kallman, referring to the 2003 single by Sean Paul and Beyonce that Storch produced and that helped to make Paul an American recording star. "Scott was able to adapt himself to the sound of Jamaica but also to contemporary R&B and hip-hop. He was able to straddle both lines." And yet there are similarities in many of Storch's records - sinuous keyboard riffs that reveal Storch's interest in Middle Eastern melodies coupled with thumping, staccato beats. In 2004, everyone wanted the Storch sound, and he reportedly commanded $100,000 per beat. An extensive Rolling Stone profile called him "hip-hop's Liberace" and said he had earned $70 million. "The people who have always been on top of the production game - Timbaland, Neptunes, Swizz Beatz, Scott Storch - they all had their own sound," says the Miami-based producer Infamous, whose own recent work on the Lil Wayne and Jay-Z track "Mr. Carter" has made him the producer of the moment. "When their one record took off, everybody wanted a record that sounded like that." Fame brought added responsibilities. In 2004, Storch reunited with the child he had fathered 12 years earlier with Bellido. He moved Bellido and their son Steven to South Florida. Bellido calls it "one of the happiest times in our lives." Three years later, the producer began paying for another son, the now two-year-old Jalen Daniel. Bellido and Jason Setchen, the lawyer for Jalen's mother, Dalene Jennifer Daniel, both say Storch was inconsistent but not a deadbeat dad. "Once able to get his attention, he stepped up to the plate and did the right thing across the board," says Setchen. Other producers were as hot as Storch in 2003 to 2005. But dating movie stars and heiresses and conspicuously consuming, Storch flaunted his multimillionaire status like a hip-hop Gatsby. Many say the fame went to his head. He had a public flare-up with Aguilera over the cost of a private jet to fly him out to produce her '06 album "Back to Basics." He also traded insults with fellow hitmaker Timbaland, who called Storch "just the piano man" in one track. Storch's career had some serious stumbles. He was supposed to help his then-girlfriend Paris Hilton become a music star but he said his songs for her were deemed too sexual and not released as singles. He signed reality TV show star Brooke Hogan to his Storch Music Company label and produced eight of 12 tracks on her album "Undiscovered," but the record flopped. Storch has continued to work with top-name artists, including producing tracks on recent albums by Mariah Carey and Fat Joe. But he has not been able to crack Billboard's Top 10 since 2005. Storch has paid neither his 2006 nor 2007 real estate taxes. At the start of this year, he stopped paying child support for both his kids and fell into several months of arrears before being sued by both mothers in separate cases. It's unclear just why Storch fell so far so fast. (The producer did not return repeated requests for an interview.) "There was some mismanagement and some other errors. He got jammed," Spiegelman, his lawyer in the child support cases, says. "I don't think he's going down, I just think he's having difficulty. It's a cash flow problem." But both outside observers and people who know Storch see other factors at play besides mismanagement. When Storch has been sighted recently in public, he has looked gaunt and unhealthy. The producer was a flamboyant smoker of marijuana and, in 2004, he was fined for possession of marijuana and paraphernalia. "If he's got managers and accountants and various investors looking out for his interests, it would be hard not to notice that money wasn't coming through," says Debbi Gibbs, president of Just Managing, a company that manages producers. Career-wise, Storch may be a victim of his own success. The public is known to grow tired of the same old sound. "Most producers outside of a small number who focus on trying to be hit makers try to focus on new creative collaboration with whatever artists they're working on," says Gibbs. "That's when that magic happens and hits you didn't see coming come. Anyone who tries to create a hit formula is doomed to very short term success given the fast pace of musical taste." But Storch built his name on numbers as much as on skills. He may not have adapted to the changing economy and the downsized music industry. "Costs have come down because it's an absolute necessity. We're certainly not able to spend beyond what our budgets are for making records," said Kallman. "If a producer's out of our price range, we've gotta move to another producer. There's always new people." The executive says Storch has not produced any recent Atlantic tracks but that they have "been talking." Storch seems also not to have saved for a rainy day - a fatal mistake in pop music. "There's no 401k plan in the music industry," says Infamous. "You can't be stupid and just throw your money away." Those who have worked with Storch and those who have only heard his music think he can have a comeback. Infamous theorizes Storch may be purposely cooling things down in order to come out strong with something new: "Scott is definitely talented enough to say all right, it's time for a new Scott. His track record alone speaks volumes." The producer has left a trail of debt and bad feelings behind him. The big spender developed a reputation for arrogance; many see his failure to care for his offspring, while still tooling around in a Ferrari, as particularly reprehensible. Yet the people who have personal reasons to hate the player don't. "Scott's not a bad person," says Bellido. "I know he loves his son. He's been irresponsible." Storch hasn't shown up for his court cases but his lawyer has said he will meet his financial obligations. He paid the money he owed Daniel and the arrest warrant was vacated. "I'd like to see him do the right thing so we can move on," Setchen says. Bellido sees Storch's lifelong materialism as his Shakespearean flaw. His identity is so wrapped up in his riches, she fears, that he is ashamed to appear publicly and clean up his mess. "I think he's embarrassed," Bellido says. "I don't think he's going to be right until he has his money." [Edited 7/18/08 9:10am] | |
- E-mail - orgNote - Report post to moderator |
I feel so embarrassed that these financial woes are press worthy.
Hell I have financial woes... anyone wanna pay this Visa bill? At the same time, Scott Storch would have lots of chances to build his assets right. Didn't he learn anything from... | |
- E-mail - orgNote - Report post to moderator |
Yeah The Bentley he bought for Lil Kim was repoed too, dude couldnt make the payments anymore | |
- E-mail - orgNote - Report post to moderator |
He may need to downsize but I'm sure he won't be destitute because has it in him to make more hits. | |
- E-mail - orgNote - Report post to moderator |
It's amazing that these guys with that kind of money feel the need
to a dozen cars that you can't drive all at one time and a YACHT , and a 10 million dollar home. WTF Hopefully this will be a lesson learned and he can turn it around financially. Don't laugh at my funk
This funk is a serious joint | |
- E-mail - orgNote - Report post to moderator |
Why is it so hard for people to live simple lives? Been gone for a minute, now I'm back with the jump off | |
- E-mail - orgNote - Report post to moderator |
JackieBlue said: Why is it so hard for people to live simple lives?
Yeah, what's up with that? You make millions of dollars but you still can't manage your money properly? | |
- E-mail - orgNote - Report post to moderator |
VoicesCarry said: JackieBlue said: Why is it so hard for people to live simple lives?
Yeah, what's up with that? You make millions of dollars but you still can't manage your money properly? If my values didn’t keep me in check, certainly my fear of losing it all would keep me conservative. Been gone for a minute, now I'm back with the jump off | |
- E-mail - orgNote - Report post to moderator |
VoicesCarry said: JackieBlue said: Why is it so hard for people to live simple lives?
Yeah, what's up with that? You make millions of dollars but you still can't manage your money properly? That happens to people who never were able to manage their money even in small amounts. After you get money, most people don't change, they just do more of what they did before. | |
- E-mail - orgNote - Report post to moderator |
- E-mail - orgNote - Report post to moderator |
Pick 1
Dumb Dumber Dumbass | |
- E-mail - orgNote - Report post to moderator |
Copycat said: Nowadays, Scott Storch, 34, is missing in action. He owes over $500,000 in real estate taxes and had a warrant out for his arrest when he failed to show up in court in a child-support case last month.
Somebody had sex with that greezy, burnt out club kid-lookin' mo fo? | |
- E-mail - orgNote - Report post to moderator |
You think this guy sat down and did all of his financials every day?
NOT Basically, he was given a Black American Express and told to go out there and make music and spend money. His fault for not following up on his fnancials, however. -=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-
Still it's nice to know, when our bodies wear out, we can get another -=-=-=-=-=-=-=-=-=-=-=-=-=-=-=- | |
- E-mail - orgNote - Report post to moderator |
Cry me a river | |
- E-mail - orgNote - Report post to moderator |
Well see what happens when the music you create is based on someone elses music, and then you spend your whole check on cars, houses and making videos, when you know damn well that MUSIC makes no money unless you can tour and play, which he cant nor can 99% of the artists he produces. So it doesnt bug me that this dude has WOES, just the fact that he is called a PRODUCER is a WOE to me. "We went where our music was appreciated, and that was everywhere but the USA, we knew we had fans, but there is only so much of the world you can play at once" Magne F | |
- E-mail - orgNote - Report post to moderator |
lastdecember said: Well see what happens when the music you create is based on someone elses music,
I thought he played original synth lines on most of his biggest (money-earning) hits, giving him not only producer but songwriting credit. I know "Still D.R.E." was a replayed sample, but.. http://en.wikipedia.org/w...raphy#2002 | |
- E-mail - orgNote - Report post to moderator |
Cinnie said: lastdecember said: Well see what happens when the music you create is based on someone elses music,
I thought he played original synth lines on most of his biggest (money-earning) hits, giving him not only producer but songwriting credit. I know "Still D.R.E." was a replayed sample, but.. http://en.wikipedia.org/w...raphy#2002 Im just convinced with the internet and downloading that all these cats are ripping people off somewhere. Scott is just an idiot of a person, so, hes on my list of people "if they were on fire i'd keeping walking by them". "We went where our music was appreciated, and that was everywhere but the USA, we knew we had fans, but there is only so much of the world you can play at once" Magne F | |
- E-mail - orgNote - Report post to moderator |
Empress said: Cry me a river
He wishes he produced that one. "Whitney was purely and simply one of a kind." ~ Clive Davis | |
- E-mail - orgNote - Report post to moderator |
RipHer2Shreds said: Copycat said: Nowadays, Scott Storch, 34, is missing in action. He owes over $500,000 in real estate taxes and had a warrant out for his arrest when he failed to show up in court in a child-support case last month.
Somebody had sex with that greezy, burnt out club kid-lookin' mo fo? Chicks also dig Lil Wayne. Anything is possible when you have money. Thank You San Alejo for getting rid of my enemies. :-0
Thank You SO much Saint Expedite for your help Thank You Virgin de Guadalupe for helping my friend Thank You Saint Anthony for returning my wallet to me untouched | |
- E-mail - orgNote - Report post to moderator |
I make it rain, I make it rain down the drain..... | |
- E-mail - orgNote - Report post to moderator |
AlexdeParis said: Empress said: Cry me a river
He wishes he produced that one. | |
- E-mail - orgNote - Report post to moderator |
I saw a clip of him playing this synth live with all the bends too.
| |
- E-mail - orgNote - Report post to moderator |
Trent Reznor said it best, when he talked about Kiss' merchandising of everything under the sun (paraphrasing) "If I gotta keep making music to pay for new things, then stick a fork in me, cuz I'm done."
lastdecember said: Well see what happens when the music you create is based on someone elses music, and then you spend your whole check on cars, houses and making videos, when you know damn well that MUSIC makes no money unless you can tour and play, which he cant nor can 99% of the artists he produces. So it doesnt bug me that this dude has WOES, just the fact that he is called a PRODUCER is a WOE to me. | |
- E-mail - orgNote - Report post to moderator |
JackieBlue said: Why is it so hard for people to live simple lives?
I don't think they should live simple lives if they long for more. That's the down fall of many people who grew up poor. When they make it they want all the trappings of wealth. HOWEVER, most of these problems would be avoided if these dumb asses would pay for shit in cash. The repo man can't take your shit if it's paid for. | |
- E-mail - orgNote - Report post to moderator |
I thought jews were good with the money.
Producers are only hot for so long [Edited 7/18/08 17:58pm] | |
- E-mail - orgNote - Report post to moderator |
Oh yeah, he has financial problems now. Just wait if he decides to release a rap album. GAME OVER BITCHES! The torch will belong to Storch! Here's a sample:
Feast in his magnificance! [Edited 7/18/08 17:59pm] | |
- E-mail - orgNote - Report post to moderator |
learn to handle ur finances people and SAVE 4 A RAINY DAY.....OR A FEW MONTHS!
it is something im learning to do now .....save. am glad im learning it now and not later down the track! im still young but am learning | |
- E-mail - orgNote - Report post to moderator |
missmad said: learn to handle ur finances people and SAVE 4 A RAINY DAY.....OR A FEW MONTHS!
it is something im learning to do now .....save. am glad im learning it now and not later down the track! im still young but am learning The earlier you learn this lesson the better and hopefully you do it before you lose everything. | |
- E-mail - orgNote - Report post to moderator |
SCNDLS said: missmad said: learn to handle ur finances people and SAVE 4 A RAINY DAY.....OR A FEW MONTHS!
it is something im learning to do now .....save. am glad im learning it now and not later down the track! im still young but am learning The earlier you learn this lesson the better and hopefully you do it before you lose everything. indeed. im still living at home (thankfully) and putting half of the money in the bank that i get and spending a little ( not necessarily half)/living on it learnt this lesson from a pal who does this with her money. | |
- E-mail - orgNote - Report post to moderator |
missmad said: SCNDLS said: The earlier you learn this lesson the better and hopefully you do it before you lose everything. indeed. im still living at home (thankfully) and putting half of the money in the bank that i get and spending a little ( not necessarily half)/living on it learnt this lesson from a pal who does this with her money. It takes a lot of discipline but that's a great start. In no time you'll be able to lend this fool some spare change. [Edited 7/18/08 21:16pm] | |
- E-mail - orgNote - Report post to moderator |