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Aug 30, 2011 8:02 p.m. Tuesday
Prince was told years ago when he first signed a contract
with WB that it was a slave contract and he did not listen!
6 albums for $1mil is crumbs; but when you're struggling,
starting out as a teenager, it might be the lottery!!
But in hindsight who's to say that those songs would have generated
hundreds of millions of dollars. Losing your copyrights, trademarks,
publishing, catalog, and negative rights to a major label is no joke!
Look, here is the deal-When you do not own the corporation; you
will be signing over your name, life, work to someone else in
essence, working and being controlled by and for them.
Prince finally woke up after he realized he gave away the store
(himself)
The least you would want is a joint-venture, sort of like a
parent and child relationship. 50/50 joint venture deal!
50% is better than 0%
Prince is finally becoming the businessman he was warned to be
earlier in his career after 25 years of not listening. Thank goodness
for the internet, file sharing and the like. Laws are being written
every day to protect the music corporations from losing millions
if not billions but too little too late
jb --- former concert promoter
Wiki User
∙ 12y ago
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