If Whitney Houston‘s heirs were counting on receiving any royalties from the deceased singer word out on the street is that ‘don’t think about it.’ This on top of the news that Sony who backed the singer is claiming first dibs on future royalties on account of the singer being vastly indebted to them.
nydailynews: On Wednesday, music-industry blogger Wayne Rosso quoted a label executive “familiar with Sony’s accounting” who said the late singer’s estate probably won’t see any royalty checks from her record label “in our lifetime” — and maybe longer — thanks in part to the number of advances and loans she took from the $100 million deal she cut with Sony Music in 2001.
Of course there’s been a big spike in sales of Whitney’s music pursuant to her death but according to music executives ‘ her greatest-hits album would have to occupy the No. 1 slot on the Billboard charts for the next six months to hit the goal.’ A goal that is unlikely to come about given the nature of the fickle cultural temperament.
On top there is the added problem that to date no one has stepped up to manage the deceased singer’s repertoire of music, with the last real purveyor of Ms Houston’s legacy being her father, John Houston who passed away in 2003. Of course the constant barrage of less than stellar press all these years hardly worked to the advantage of the singer
Affirmed an undisclosed source: ‘If it hadn’t been for the label fronting her money she would have been next to homeless.’
Hardly the sobering thought as beleaguered fans now begin to put the troubled singer’s legacy into context. How ironic in the end the singer is lauded to exultation when she could barely summon a peekaboo whilst grappling for self affirmation these last troubled years. As they say in show business, ‘ another one bites the dust.’ Indeed….