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Thread started 09/08/17 10:28am

rogifan

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Prince’s family starting a record label

http://www.startribune.co...443175193/

The frustration is getting to Prince’s heirs. At least to his younger brother Omarr Baker.

Thursday night at a fundraiser for the PRN Alumni Foundation at the Machine Shop in Minneapolis, Baker discussed his intention to start a new record label, PRN Family Records, featuring a new band, New Power Soul.

The announcement came during a brief off-the-cuff speech by Baker at a benefit for a nonprofit group of former Prince employees that plans to continue his charitable work.

“The house is still being run by lawyers and bankers,” Baker said. “No family is running the estate.”

He continued that when the family takes over, things will be “done correctly. Can I get an amen? Like a hurricane, this too shall pass.”

He added that the family has decided to run the record label “outside” the estate. He said one-third of the revenues from the record will go to pay the estate’s IRS bill.

“I’m on a mission,” Baker declared. “A strong mission to make sure things are being done correctly. Hopefully, it’ll happen sooner than later.”


What does he mean when he says the record label will be run outside of the estate? And who is he referring to when he says “the family” as throughout this whole process it doesn’t seem that they’ve been on the same page. We don’t even know if Tyka and Omarr are on the same page. Also is PRN Fsmily Records going to be releasing new vault material or is this just for non-Prince artists?
Paisley Park is in your heart
#PrinceForever 💜
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Reply #1 posted 09/08/17 10:31am

AnnaSantana

Whatever.
Just fun....nothing ethereal.
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Reply #2 posted 09/08/17 10:49am

laurarichardso
n

rogifan said:

http://www.startribune.co...443175193/
The frustration is getting to Prince’s heirs. At least to his younger brother Omarr Baker. Thursday night at a fundraiser for the PRN Alumni Foundation at the Machine Shop in Minneapolis, Baker discussed his intention to start a new record label, PRN Family Records, featuring a new band, New Power Soul. The announcement came during a brief off-the-cuff speech by Baker at a benefit for a nonprofit group of former Prince employees that plans to continue his charitable work. “The house is still being run by lawyers and bankers,” Baker said. “No family is running the estate.” He continued that when the family takes over, things will be “done correctly. Can I get an amen? Like a hurricane, this too shall pass.” He added that the family has decided to run the record label “outside” the estate. He said one-third of the revenues from the record will go to pay the estate’s IRS bill. “I’m on a mission,” Baker declared. “A strong mission to make sure things are being done correctly. Hopefully, it’ll happen sooner than later.”
What does he mean when he says the record label will be run outside of the estate? And who is he referring to when he says “the family” as throughout this whole process it doesn’t seem that they’ve been on the same page. We don’t even know if Tyka and Omarr are on the same page. Also is PRN Fsmily Records going to be releasing new vault material or is this just for non-Prince artists?

The Estate is in probate so the family has not inheirted anything. I believe they have meetings with Comerica but we know from the courts docs that Comerica can make deals up to I believe 1 million dollars without consulting the family at all. I am sure things are getting done that they do not approve of.

It sounds like they have just decided to go ahead and start a lable to see if they can raise money to take care of expenses. We know that Sharon said that when they take over they would run NPG records they way they want. Maybe they have artist they are interested in working with as they appear to have access to the studios. I would be very surprised if they are allowed to release NPG era vault material but if they can that would be great.

[Edited 9/8/17 10:49am]

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Reply #3 posted 09/08/17 11:00am

rogifan

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Who has the rights to release post-TGE material?
Paisley Park is in your heart
#PrinceForever 💜
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Reply #4 posted 09/08/17 11:11am

laurarichardso
n

rogifan said:

Who has the rights to release post-TGE material?

I think know one yet because the UMG deak was resinded so if they cannot find any takers maybe they will be allowed to sell the material on their own. I would love it if they could put Black is the New Black and the jazz record he was suppose to do with Blue Note.

Maybe they could even do it Peer to Peer

Just picking up with the material he was working on a moving forward.

[Edited 9/8/17 11:12am]

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Reply #5 posted 09/08/17 11:13am

Silvertongue7

I wish them all the best, I really do. But the less decision-making power that they get the better for the fans / for the music. They come across as random as Prince, but times six...
Someone's in my body, someone's in my body...
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Reply #6 posted 09/08/17 11:25am

laurarichardso
n

Silvertongue7 said:

I wish them all the best, I really do. But the less decision-making power that they get the better for the fans / for the music. They come across as random as Prince, but times six...

They are going to inheirit one day and when they do they are free to do as they please.

No reason they cannot go out and hire accounts and lawyers to run a record company. The could just dump a lot of stuff on streaming sites if they really wanted to cut their cost.

Prince left them a studio and gang of material. What real expense would they have to prevent them from getting NPG era material out to the public?

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Reply #7 posted 09/08/17 12:21pm

luv4u

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moderator

Is it too early to do this?

Edmonton, AB - canada

Ohh purple joy oh purple bliss oh purple rapture!
REAL MUSIC by REAL MUSICIANS - Prince
"I kind of wish there was a reason for Prince to make the site crash more" ~~ Ben
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Reply #8 posted 09/08/17 12:41pm

luvsexy4all

could this be why sharon was asking US about next 2 releases???

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Reply #9 posted 09/08/17 12:50pm

TrivialPursuit

luv4u said:

Is it too early to do this?


It's not too early to get things in motion and form a new business venture to protect Prince's music and distribution. It is too early for folks to continue to delve into conjecture about what will or won't happen. I think a record label for future distribution (especially with the NPG era stuff since Universal is backing out of that deal; plus the vault stuff that WB might not have claim on) is a good idea. Prince still used the NPG rubber stamp so I don't know why that couldn't continue. BUT if Omar is talking about Tyka or someone releasing music - that's their own shindig, and ain't got shit to do with Prince or the estate.

"Despite everything, no 1 can dictate who u r 2 other people." - Prince |
http://bit.ly/unboxingprince
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Reply #10 posted 09/08/17 2:27pm

rogifan

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TrivialPursuit said:



luv4u said:


Is it too early to do this?




It's not too early to get things in motion and form a new business venture to protect Prince's music and distribution. It is too early for folks to continue to delve into conjecture about what will or won't happen. I think a record label for future distribution (especially with the NPG era stuff since Universal is backing out of that deal; plus the vault stuff that WB might not have claim on) is a good idea. Prince still used the NPG rubber stamp so I don't know why that couldn't continue. BUT if Omar is talking about Tyka or someone releasing music - that's their own shindig, and ain't got shit to do with Prince or the estate.


That’s the question. Is he talking about a label for releasing future Prince material. The article made it sound like something different. Also when Omari talks about things being done right well we don’t really have any evidence that the family is/can/will handle things better than Comerica is. I’d love to know exactly what he means. The family has had nothing to do with the music side of things so far. We have no clue really how they would handle things.
Paisley Park is in your heart
#PrinceForever 💜
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Reply #11 posted 09/08/17 2:56pm

Bodhitheblackd
og

Hold on, it's gonna be a bumpy ride.

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Reply #12 posted 09/08/17 3:46pm

love2thenines2
003

....they don't have the rights to do this from themselves..seriously. ..I don't think that this will be interesting for us the Fans...they can't release Prince Material...so?!
[Edited 9/8/17 23:17pm]
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Reply #13 posted 09/08/17 5:45pm

laurarichardso
n

rogifan said:

TrivialPursuit said:



luv4u said:


Is it too early to do this?




It's not too early to get things in motion and form a new business venture to protect Prince's music and distribution. It is too early for folks to continue to delve into conjecture about what will or won't happen. I think a record label for future distribution (especially with the NPG era stuff since Universal is backing out of that deal; plus the vault stuff that WB might not have claim on) is a good idea. Prince still used the NPG rubber stamp so I don't know why that couldn't continue. BUT if Omar is talking about Tyka or someone releasing music - that's their own shindig, and ain't got shit to do with Prince or the estate.


That’s the question. Is he talking about a label for releasing future Prince material. The article made it sound like something different. Also when Omari talks about things being done right well we don’t really have any evidence that the family is/can/will handle things better than Comerica is. I’d love to know exactly what he means. The family has had nothing to do with the music side of things so far. We have no clue really how they would handle things.

--The family can find lawyers and accountants just like anyone can.
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Reply #14 posted 09/08/17 5:48pm

bboy87

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Cannot wait until all of this is over neutral

"We may deify or demonize them but not ignore them. And we call them genius, because they are the people who change the world."
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Reply #15 posted 09/08/17 5:59pm

johnnyribcage

Outside the estate. Wonder what that really means. I'm not a legal expert so I don't really know the definition of "estate." I do know they have a world class studio at their disposal. Anyone know if Paisley Park studios will ever function as an actual recording studio again? Or are the control rooms and boards just going to be a museum, slowly aging and decaying like mission control of Apollo era Nasa?

Bob... Ain't dat a bitch?
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Reply #16 posted 09/08/17 8:06pm

leecaldon

It doesn't sound like the new label will be releasing Prince material.

And what's this band, New Power Soul?

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Reply #17 posted 09/08/17 11:33pm

SoulAlive

So I'm guessing that this new label will be for the family members to release music? Unreleased music from John L.Nelson? A new album from Tyka?
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Reply #18 posted 09/09/17 2:31am

MMJas

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SoulAlive said:

So I'm guessing that this new label will be for the family members to release music? Unreleased music from John L.Nelson? A new album from Tyka?

My thoughts exactly. All that music just waiting to come out.

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Reply #19 posted 09/09/17 2:56am

OperatingTheta
n

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It's not clear if they're putting out Prince music or not, and Prince is my sole interest.
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Reply #20 posted 09/09/17 3:30am

Germanegro

Given legal freedom to do so and private funds to execute, the heirs could take the many recordings that Prince has left in his storied vault, once preserved and indexed, and:

>

1) Manage their own distribution under NPG Records via their own enterprise--such as Sananda Maitreya does with his Treehouse Records, or Prince himself had done with the NPG Music Club.

>

2) Do a wholesale distribution to 3rd parties for P2P sales as Prince had experimented with his last Hit n' Run collectioins.

>

3) Obtain limited contracts for distribution rights to indie labels to collaborate on product development and sales of product.

>

Any of these options could work, given a solid business plan and legal clearances.

>

They could go the route of many other artists and estates (M. Jackson, Dylan, Elvis, etc.) and work out a mega-deal with a major label to handle this kind of stuff.

>

The wait continues. The dealings move along at a pace that it will. If the estate's critical expenses are getting paid, I--as a fan-- cannot be stressed. I for one would be willing to support efforts through crowdfunding if it would come to that--like some fans around here who talk about doing what they could to get their hands on Prince stuff. shrug crysball

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Reply #21 posted 09/09/17 7:02am

Bodhitheblackd
og

johnnyribcage said:

Outside the estate. Wonder what that really means. I'm not a legal expert so I don't really know the definition of "estate." I do know they have a world class studio at their disposal. Anyone know if Paisley Park studios will ever function as an actual recording studio again? Or are the control rooms and boards just going to be a museum, slowly aging and decaying like mission control of Apollo era Nasa?

can someone clarify?, I've been hearing that the equipment is outdated and would need to be upgraded...would this be a costly? But certainy a great investment, the studio has a monumental reputation and as an operating studio...certainly as great a memorial to Prince as a tour of PP.

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Reply #22 posted 09/09/17 7:57am

crimesofparis

Bodhitheblackdog said:



johnnyribcage said:


Outside the estate. Wonder what that really means. I'm not a legal expert so I don't really know the definition of "estate." I do know they have a world class studio at their disposal. Anyone know if Paisley Park studios will ever function as an actual recording studio again? Or are the control rooms and boards just going to be a museum, slowly aging and decaying like mission control of Apollo era Nasa?



can someone clarify?, I've been hearing that the equipment is outdated and would need to be upgraded...would this be a costly? But certainy a great investment, the studio has a monumental reputation and as an operating studio...certainly as great a memorial to Prince as a tour of PP.


It's dated but high quality. Any solid engineer who can dig into a manual should be able to operate it just fine. Especially anyone older than 40.

I had friends who studied audio engineering in college, and all of them had to start with reels, then slowly adding more digital skills into their analog base knowledge set. If you're just pro-tools certified, this studio ain't for ya.

It's slower to go more analog (often), but a lot of engineers will tell you the payoff is in how good it sounds on high quality equipment. Mp3s on your iPhone? Meh doesn't matter.
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Reply #23 posted 09/09/17 8:11am

johnnyribcage

crimesofparis said:

Bodhitheblackdog said:



johnnyribcage said:


Outside the estate. Wonder what that really means. I'm not a legal expert so I don't really know the definition of "estate." I do know they have a world class studio at their disposal. Anyone know if Paisley Park studios will ever function as an actual recording studio again? Or are the control rooms and boards just going to be a museum, slowly aging and decaying like mission control of Apollo era Nasa?



can someone clarify?, I've been hearing that the equipment is outdated and would need to be upgraded...would this be a costly? But certainy a great investment, the studio has a monumental reputation and as an operating studio...certainly as great a memorial to Prince as a tour of PP.


It's dated but high quality. Any solid engineer who can dig into a manual should be able to operate it just fine. Especially anyone older than 40.

I had friends who studied audio engineering in college, and all of them had to start with reels, then slowly adding more digital skills into their analog base knowledge set. If you're just pro-tools certified, this studio ain't for ya.

It's slower to go more analog (often), but a lot of engineers will tell you the payoff is in how good it sounds on high quality equipment. Mp3s on your iPhone? Meh doesn't matter.


I guess I could have been more accurate. It's aging yes but it is indeed extremely high quality. Studio A has digital capabilities but I don't know the details, B is analog. And as far as age of gear, it really doesn't matter - old gear, if it's special, can smoke new stuff given the right engineer, producer, and artist. Look no further than Sound City for a good example.
Bob... Ain't dat a bitch?
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Reply #24 posted 09/09/17 8:28am

Bodhitheblackd
og

Big thanks to you both!

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Reply #25 posted 09/09/17 11:15am

Wlcm2thdwn3

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I couldn't care less about those leeches. What would they be doing today if Prince had not died?

How long do you wanna be loved. Is forever enough, is forever enough?
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Reply #26 posted 09/09/17 1:46pm

TheDigitalGard
ener

Do you have it in green?
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Reply #27 posted 09/09/17 1:52pm

Germanegro

Prince's relatives could hire engineers to run the PP studios with no problem. They certainly know a talented musician or 3 that they could record and promote, too, if that's what they want. If a recording enterprise (less than a label/talent promotion) were to be the focus of P.P. sudios, once a rep would be built for quality engineering, the studio/label could flourish. It would be nice to see the studios function in the manner they were designed, that's for sure.

>

A Prince museum could always be built out elsewhere in Minneapolis or the metropolitan area, or rehab the Egg as an exhibit space if the interest would stand--which I am sure that it would. They could continue to work tour times into the Paisley Park schedule as well, even as a functioning studio/soundstage. I am sure that that interest would stand as well. The posssibilities of functions at that site are great, it seems to me.

exclaim

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Reply #28 posted 09/09/17 2:12pm

crimesofparis

Germanegro said:

Prince's relatives could hire engineers to run the PP studios with no problem. They certainly know a talented musician or 3 that they could record and promote, too, if that's what they want. If a recording enterprise (less than a label/talent promotion) were to be the focus of P.P. sudios, once a rep would be built for quality engineering, the studio/label could flourish. It would be nice to see the studios function in the manner they were designed, that's for sure.


>


A Prince museum could always be built out elsewhere in Minneapolis or the metropolitan area, or rehab the Egg as an exhibit space if the interest would stand--which I am sure that it would. They could continue to work tour times into the Paisley Park schedule as well, even as a functioning studio/soundstage. I am sure that that interest would stand as well. The posssibilities of functions at that site are great, it seems to me.


exclaim


They could keep the studio as a museum and rent it out as an active recording space.

RCA Studio B in Nashville is that way. Tours via cmhof during the day, classes for Belmont students a few hours a week, and musicians record at night.
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Reply #29 posted 09/09/17 2:28pm

rogifan

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Wlcm2thdwn3 said:

I couldn't care less about those leeches. What would they be doing today if Prince had not died?


How are they leeches? If he didn’t want them getting his estate he could have had a will designating it to someone else.
Paisley Park is in your heart
#PrinceForever 💜
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