Mary J Blige Says She Owes $25 Million In Advances And Doesn't Own Her Music Catalog

[Cabbage Patch]

This is the future of most of these new guys spending money on sneakers and jewelry than securing their music catalog. Especially those on 360 deals

Remy was shouted down last year for telling the truth.

 

[Cabbage Patch]

Not surprised at all going on 50 plus years and me and @THE RETIRED SKJ said in previous threads nikkas never learned from ray charles and james brown about owning your own masters and publishing

nikkas are allergic to reading and only see and hear about the fans they will have, the famous people they will meet, the gorgeous cities they will visit , the hotel stays, the car rentals and the possibilities of movie and tv appearances all the while not knowing those come with expenses and loans in your record deal..

And to con the TLCs, Toni braxtons and mary j blige females isn't that hard

I've always heard stories about Rihanna being broke.

Looks like she had to pull a Janet and get impregnated by Oil Money.

 

[AB Ziggy]

I've always heard stories about Rihanna being broke.

Looks like she had to pull a Janet and get impregnated by Oil Money.

RiRi owns all of her catalog

 

[satam55]

y’all kidding yourselves if you thought 18/19 year old MJB had the pull to get ownership of the ‘’What’s the 411’’ or “My Life’’ masters when she recorded them especially with Puffy as exec producer
Whitney didn’t even own her masters
It’s not that easy. Y’all bring up Prince but he we couldn’t call him Prince for 10 years because of WB

This. I don't know why folks keep bringing up why don't Mary doesn't own her masters. Most artists don't own their masters period!!

 

[Wear My Dawg's Hat]

y’all kidding yourselves if you thought 18/19 year old MJB had the pull to get ownership of the ‘’What’s the 411’’ or “My Life’’ masters when she recorded them especially with Puffy as exec producer
Whitney didn’t even own her masters
It’s not that easy. Y’all bring up Prince but he we couldn’t call him Prince for 10 years because of WB

Yeah, I don't think Springsteen, U2 or Madonna own their masters either.

And these days, the more lucrative income comes from publishing rights over owning the masters.

There is very little income attached to masters ownership now because so much old music is available
for free or virtually no cost due to YouTube, Spotify, Apple, etc.

 

[HellRell804]

Looking back and it's amazing to see so many black women musicians literally damn near struggling or broke with gold and platinum albums now they in their 30s, 40s and hell early 50s doing chicken circuits or doing jobs working at the bakery factory

Lauren hill broke...don't own her music, marley dump her and the 6 kids.. She got knocked up by some random nikka who left her with another kid...shows up late to her own shows, etc

Toni Braxton... Don't own anything of her music..got divorced left with 2 kids to take care of..was making some money doing a little vegas shows, but her health cause her to quit...then u see her throwing her p*ssy around trying to get attention by kissing up on trey songz...now she was one of the lucky ones to find a dude with money in Baby...but knowing baby she might not even see a dollar and the ring she get might be one of those rings he took from the jewelry store and never made any payments on it

TLC...pebbles fukk them with no Vaseline as well as la reid and babyface...how u sell 15 million copies of album which if u look at the total dollar amount at the time and adding in merchandise sold generated over 150 to 200 million dollars and u only get $30,000 apiece and a fukking jeep... Now they out here struggling with music nobody trying to here 20 years later and chili going around trying to throw p*ssy at Floyd mayweather and white men on that bad show she had....t boz having health issues and out here dating all these athletes who basically just trying to get some old cougar p*ssy.

Claudette Ortiz... U actually heard from her own voice that she's broke and was thinking about joining the military just to get some money and been living off of welfare with 3 kids, 2 by her ex crazy group member and then by some random one night stand nikka.


Majority of the sistas in the 40s,50s,60s was broke and had to use rental dresses to appear at events

Read behind the stories of 90s female chicks..a few in en vogue was broke, swv and a lot of one wonders like changing faces and sparkle..

A lot of these musicians especially our sistas get caught up with the glamour look instead of the financial book until it's too late and they go fight for royalties and end up only getting a nickel of what they earn

That's most artists period. You'll see the same thing about these 2000s artists. Lower class black people are a renewable resource of talent. To continue to exploit this resource we have to be kept broke, ignorant, and angry so we don't think clearly

 

[Wear My Dawg's Hat]

Mary may have received some big advances from her record companies prior to
the current period when music sales have cratered.

Unless you are selling Adele-like numbers today, I think it would be difficult for any artist
to pay back $25 million in advances by record sales alone.

 

[Pitfalls0117]

What's crazy is that when you're rich and in that much debt you can basically go on living like a millionaire even though you're technically more broke than someone with $200 cash and no debt...

Like I promise that Mary J Blige isn't bouncing between roadway inn rooms and eating frozen meals... Rich people got different rules

 

[Methodical]

Why this shyt always only happen to black artists and not white artists?

 

[Da King]

With her Oscar nomination she’s set for life financially now, she’ll be fine

 

[Methodical]

The irony of this situation is she actually RAN to SUGE to help SAVE her from the mob influenced finances her and Jodeci was dealing with at MCA RECORDS..

In which her boss Andre Harrell was nothing more than a puppet for Irving Azoff and Michael Franceze and the Colombo Family.of New York...

Suge always takes pride in standing up for Mary when he was her manager she was in his words...

"Locked in A very fukked up contract"...

Suge tried to get her to come to Death Row..but MCA put out a cease and desist against Suge and Death Row

So MCA promised her they would be able to rectify the situation during the transition into UNIVERSAL RECORDS...

but it was a lie.....

The advances and budget got bigger with little to nothing on the backend and Mary took the bait....

And has been enslaved to the Universal machine ever since..

She tried to break free during her collaboration with Dr Dre ..cause at the time Jimmy Iovine was pursuing her to come to INTERSCOPE/AFTERMATH but Doug Morris refused to sign off on it cause Jimmy couldn't meet Doug's buyout price for Mary contract....

She still feels in debt to Jimmy for his efforts..

It was Jimmy Iovine who took her in after she claims she was homeless last year 2017

Mary J. Blige Breaks Down While Receiving Hollywood Star: 'I Was Homeless Last Year' | EURweb

“When all hell was turning loose in 2016 and I had to file and all of that stuff, I was homeless last year,” she said, adding, “Jimmy Iovine took me in to his Malibu home, he and his beautiful wife, Liberty. I will never forget that.”

 

[Devilinurear]

I couldn't imagine owing 25 million to the government. That would give me constant sleepless nights.

She doesn't owe the government

 

[Devilinurear]

y’all kidding yourselves if you thought 18/19 year old MJB had the pull to get ownership of the ‘’What’s the 411’’ or “My Life’’ masters when she recorded them especially with Puffy as exec producer
Whitney didn’t even own her masters
It’s not that easy. Y’all bring up Prince but he we couldn’t call him Prince for 10 years because of WB

Also if I run a record label and I paid for your studio time and other artist expensives why would I not try to own a piece of your catalogue?

 

[Wear My Dawg's Hat]

Why this shyt always only happen to black artists and not white artists?

It happens across the board.

It even happens to big media corporations.

iHeart Radio is $20 billion in debt.


iHeart Investors Seeking Injunction to Protect Their Debt Seniority Against Potential Bankruptcy Filing
2/27/2018 by Ed Christman

These so called legacy noteholders own over $200 million in iHeart bonds and claim the company agreed it would not grant any other creditors a superior position to theirs without ensuring they were also treated "equally and ratably."

In a preemptive move made in anticipation of what they say is an expected Chapter 11 filing from iHeartCommunications, Inc. on or before March 5, a group of unsecured bondholders are asking the commercial division of the New York State Supreme Court to grant an injunction that would provide a provisional lien against some of the radio chain's assets. This would make it so their debt has the same protections as other classes of iHeart debtors.

Due to a 2008 leveraged buyout of the company by Bain Capital and Thomas H. Lee Partners, iHeart carries some $20 billion in debt, with interest payments, with different classes of debt holders. These include banks that have provided some $6 billion in term loans and various debentures due in different years carrying different interest payments totaling another $14 billion. Within the latter group are some bondholders seeking the injunction, who refer to themselves as legacy noteholders, and include funds run by the Bank of New York, Mellon Trust, Hutchin Hill Capital and Angelo, Gordon & Co.

Those legacy noteholders own over $200 million in iHeart bonds and claim the company agreed it would not grant any other creditors a superior position to theirs without ensuring that the legacy noteholders were also treated "equally and ratably," meaning they would have the same standing as those other debt holders.

iHeart Investors Seeking Injunction to Protect Their Debt Seniority Against Potential Bankruptcy Filing

 

[Poetical Poltergeist]

This chick married a bum. Gmb.