From the Los Angeles Times: “Op-Ed: How could someone rich and famous like Prince die without a will? It’s not unusual. Just ask an estate lawyer” Jack B. Osborn, April 28, 2016
How could Prince die without a will?
He didn’t amass a $250-million estate just through exceptional musical talent. He was also a shrewd businessman. Two years ago, Prince took control of his musical catalog and related copyrights, and negotiated a new contract with Warner Bros. His estate will reap at least $100 million on royalties alone over the next few years.
Prince was extremely hands-on with the business side of music. He shunned attorneys, preferring to deal directly with record studios and concert promoters, and made a point of controlling his legacy. It was part of his persona. Prince fought to remove his songs from YouTube and cut deals directly with digital music providers. READ MORE…
