Can you hear the sound of teeth grinding in Paisley Park?
Bart Van Hemelen
Excerpts from "The Rolling Stone Money Report" by Robert LaFranco with
Mark Binelli and Fred Goodman, issue no. 899/900, 4-11 July 2002.
# 1 : U2
In Chicago, where the band was scheduled to play three nights, demand
forced that number up to six -- and each sold out within hours. Quick
sellouts mean no additional promotion costs, and multiple nights in
the same arena mean the equipment doesn't have to be moved and set up,
which creates the highest possible profit margin.
# 2: Dr. Dre
Dre and Interscope each used to own half of Dre's label, Aftermath,
which released two of the biggest albums of the past wto years:
Eminem's marshall Mathers LP and Dr. Dre 2001. Last year, Dre was paid
a reported $ 35 million by Interscope for another thirty percent of
the label. Dre is also well-paid as a producer: for co-writing and
producing Mary J. Blige's hit "Family Affair", sources say he earned
more than $ 2 million in airplay and production fees.
# 3 : The Beatles
Net : $ 47.9 million
# 5 : Madonna
Madonna's biggest paycheck last year came from a contract negotiation
with Warner Bros. Records: an inside source said the contract included
an advance of $ 20 million. Her Drowned World Tour was run incredibly
efficiently for a complex stage show; most sources agree that the $ 75
million tour resulted in a forty percent profit margin for the singer.
# 6 : Master P
Master P owns 100 percent of No Limit Records; he pays a distribution
fee to Priority Records to get albums in stores. When Priority was
sold to Capitol/EMI, P received a payment that sources say totaled $
40 million. This was for money due on past sales -- No Limit has sold
more than 50 million albums in the last six years, with ten platinum
and twelve multiplatinum records.
# 26 : Metallica
Metallica have one of the best record deals in the business --
essentially a profit-sharing agreement with their label, Elektra. When
the band threatened to leave the label at the height of its career,
Electra gave Metallica an astounding royalty rate that amounts to
nearly four dollars per album sold. That hefty rate truely pays off
for a band such as Metallica, which had four of its records appear on
the Billboard catalog charts during 2001.
--
Bart Van Hemelen
http://pr1nc3.com/BVH/
--------------------------------------
Looking for answer? Why not try:
http://www.prince.org/faq/
http://www.prince.org/
http://pr1nc3.com/google.asp
--------------------------------------
Rich Hall : "Nothing more dangerous than a heckler with statistics."
Paul Merton : " 'You suck, and I can prove it!' "
- Room 101, BBC 2, 19 January 2001
bo ervens
thanks for nothing
"Bart Van Hemelen" <tenthousa...@yahoo.com> schreef in bericht
news:49sbhu48q9ljkt8ag...@4ax.com...
Nigel Swan
"bo ervens" <erv...@msn.com> wrote in message
news:af4s7s$1of5$1...@scavenger.euro.net...
> who cares? prince doesn't.
> thanks for nothing
So Prince saying he doesn't care about the charts as he is "No1 at the bank"
means he doesn't care?
Bullshit.
Sirhceneerg
>thanks for nothing
>
Sheeit. That's a LOT of money talked about in tha article, dog. Prince DOES
care.
Bart Van Hemelen
following on the subject of "Re: Can you hear the sound of teeth
grinding in Paisley Park?" in alt.music.prince on Sun, 23 Jun 2002
18:15:55 +0200:
>who cares? prince doesn't.
Really? Take a look at the Tonight Show interview from a year ago.
Read some of the interviews from that time again. Notice the
references to Mariah? I shoudl have her included here too, she's on
the list, not that high but still with AMAZING numbers and they
predicted she'd be on the list next year again with even more amazing
numbers.
BTW the Metallica deal:
>> Metallica have one of the best record deals in the business --
>> essentially a profit-sharing agreement with their label, Elektra. When
>> the band threatened to leave the label at the height of its career,
>> Electra gave Metallica an astounding royalty rate that amounts to
>> nearly four dollars per album sold. That hefty rate truely pays off
>> for a band such as Metallica, which had four of its records appear on
>> the Billboard catalog charts during 2001.
... was negociated at the same time that Prince was sending out press
releases on how it was impossible to negociate with anyone at WB.
Funny how some people managed to ink out a deal that earns them so
much money they're # 26 on a music top earners list after a year of
NOT touring and NOT releasing an album.
How about this:
>> In Chicago, where the band was scheduled to play three nights, demand
>> forced that number up to six -- and each sold out within hours. Quick
>> sellouts mean no additional promotion costs, and multiple nights in
>> the same arena mean the equipment doesn't have to be moved and set up,
>> which creates the highest possible profit margin.
Now compare that to Prince's approach to a tour for the past 5 years,
which seem planned by winos witha short attention span.
Prince likes distribution deals, right?
>> Master P owns 100 percent of No Limit Records; he pays a distribution
>> fee to Priority Records to get albums in stores. When Priority was
>> sold to Capitol/EMI, P received a payment that sources say totaled $
>> 40 million. This was for money due on past sales -- No Limit has sold
>> more than 50 million albums in the last six years, with ten platinum
>> and twelve multiplatinum records.
Please inform me: which Prince album of the past couple of years has
sold close to a million (which is the number of records Tom Waits'
Mule Variations sold worldwide)? And how big was the pay-out on those
albums?
>> Dre and Interscope each used to own half of Dre's label, Aftermath,
>> which released two of the biggest albums of the past two years:
>> Eminem's marshall Mathers LP and Dr. Dre 2001. Last year, Dre was paid
>> a reported $ 35 million by Interscope for another thirty percent of
>> the label.
How's THAT for power?
Prince likes to "give" songs to other artists. I wonder if he's ever
had a deal close to this (hint: he hasn't):
>> Dre is also well-paid as a producer: for co-writing and
>> producing Mary J. Blige's hit "Family Affair", sources say he earned
>> more than $ 2 million in airplay and production fees.
Hell, I remember seeing a BBC program where a guy was telling how he'd
written a couple of songs for Patti LaBelle. The record company didn't
want to fund the recordings because "the album was alread finished",
so he contacted Patti himself, flew her out for a recording session,
cut several tracks, then had the record company listen to them, they
liked them so much they paid him top $ and bumped a Prince song off
the record.
>> Madonna's biggest paycheck last year came from a contract negotiation
>> with Warner Bros. Records: an inside source said the contract included
>> an advance of $ 20 million.
Now compare to Prince's $ 100 million contract renegociations.
Hell, I just read a letter by the drummer from PIL in Mojo, he's
running his own label for 15 years IIRC and he's released I don't know
how many records. Sonic Youth's latest album is amazing, and later
this year they'll re-release three albums in the Deluxe Series (even
though they've already re-released their entire back catalogue through
DGC half a decade ago). Elvis Costello's latest album has at least one
fantastic song (the title track) which isn't harking back to old ideas
but instead shows him embracing sampling and electronic beats. Guided
By Voices have just released yet another great album, and no-one seems
sure how many they've already released (especially if you include the
solo projects and the side projects). Underworld have got a new album
coming out, are touring again, and are involved in Tomato, a leading
UK design agency which is also doing commercials, interactive media
(CD-ROMs and internet), etc.
There ARE alternatives, and you don't even have to look that far
outside of the box. All you need to do is have some business sense and
a sound mind. Prince lets amateurs run his business. Go figure.