Paisley Park Records: Difference between revisions
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The President of Operations for the label was [https://en.wikipedia.org/wiki/Alan_Leeds Alan Leeds], brother of saxophonist [[Eric Leeds]]. Leeds had previously served as [[Prince]]’s tour manager. He was replaced by former trade journalist Gaham Armstrong. Craig Rice also served as President shortly after [https://en.wikipedia.org/wiki/Alan_Leeds Alan Leeds] left. | The President of Operations for the label was [https://en.wikipedia.org/wiki/Alan_Leeds Alan Leeds], brother of saxophonist [[Eric Leeds]]. Leeds had previously served as [[Prince]]’s tour manager. He was replaced by former trade journalist Gaham Armstrong. Craig Rice also served as President shortly after [https://en.wikipedia.org/wiki/Alan_Leeds Alan Leeds] left. | ||
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[[Prince]]’s management firm at the time, Cavallo, Ruffalo & Fargnoli, began signing artists to the label, at times even without [[Prince]]’s knowledge or permission. That precipitated the beginning of the end of a successful partnership. | [[Prince]]’s management firm at the time, Cavallo, Ruffalo & Fargnoli, began signing artists to the label, at times even without [[Prince]]’s knowledge or permission. That precipitated the beginning of the end of a successful partnership. | ||
Shortly after firing the management team, lawsuits ensued and it was discovered that the label was mismanaged from the outset, with [http://en.wikipedia.org/wiki/Warner_Bros._Records Warner Bros. Records] taking heavy losses due to exorbitant advances paid to [[Prince]] and his management team for the label. | Shortly after firing the management team, lawsuits ensued and it was discovered that the label was mismanaged from the outset, with [http://en.wikipedia.org/wiki/Warner_Bros._Records Warner Bros. Records] taking heavy losses due to exorbitant advances paid to [[Prince]] and his management team for the label. | ||
[http://en.wikipedia.org/wiki/Warner_Bros._Records Warner Bros. Records] also helped pay for [[Paisley Park Studios]], with executives insisting on a return on their investment, which resulted in several major artists recording their albums at [[Paisley Park Studios]], at times even against [[Prince]]’s wishes. | [http://en.wikipedia.org/wiki/Warner_Bros._Records Warner Bros. Records] also helped pay for [[Paisley Park Studios]], with executives insisting on a return on their investment, which resulted in several major artists recording their albums at [[Paisley Park Studios]], at times even against [[Prince]]’s wishes. --> | ||
|label closure = On [[Prince_Vault:Selected_anniversaries/February 1|February 1st 1994]], [http://en.wikipedia.org/wiki/Warner_Bros._Records Warner Bros. Records] and [[Paisley Park Enterprises]] announced that they would be terminating [[Paisley Park Records]]. The label became a joint venture between [[Prince]] and [http://en.wikipedia.org/wiki/Warner_Bros._Records Warner Bros. Records] upon the signing of [[Prince]]’s last recording contract in 1992. While under [[Prince]]’s sole aegis, the label could likely have survived for as long as he saw fit, but with [http://en.wikipedia.org/wiki/Warner_Bros._Records Warner Bros. Records] being in control of the spending, the financial burden proved too great as few of the label’s releases had been big sellers. | |label closure = On [[Prince_Vault:Selected_anniversaries/February 1|February 1st 1994]], [http://en.wikipedia.org/wiki/Warner_Bros._Records Warner Bros. Records] and [[Paisley Park Enterprises]] announced that they would be terminating [[Paisley Park Records]]. The label became a joint venture between [[Prince]] and [http://en.wikipedia.org/wiki/Warner_Bros._Records Warner Bros. Records] upon the signing of [[Prince]]’s last recording contract in 1992. While under [[Prince]]’s sole aegis, the label could likely have survived for as long as he saw fit, but with [http://en.wikipedia.org/wiki/Warner_Bros._Records Warner Bros. Records] being in control of the spending, the financial burden proved too great as few of the label’s releases had been big sellers. | ||
Revision as of 05:44, 26 July 2024
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