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Prince's Heirs Worried They'll Get Zilch Estate's Burning Cash Like Crazy!!!

2/22/2018 12:30 AM PST

Prince's estate is spending a ton of cash -- at times more than $600k PER MONTH -- and dropping that kinda loot has the singer's heirs worried they'll be left with nothing when it's their turn to collect.

Sources close to Prince's heirs tell TMZ ... they're dumbfounded at how much money it costs to manage the late singer's estate. We're told at the current burn rate, heirs feel there's gonna be close to nothing when it's time to distribute the inheritance.

According to docs -- obtained by TMZ -- Comerica's monthly fee to manage the estate is $125k per month. Comerica also hired the law firm Fredrikson & Byron P.A. to rep the estate in court (i.e. Prince's label suing Roc Nation), supervise and coordinate with accountants and advise on tax-related issues. Last November alone, the law firm billed more than $440k in fees and expenses.

The spending keeps going ... F&B then hired other attorneys to deal with trademarks, oversea litigation and services on deal proposals, among other things.

Comerica, for its part, has painstakingly broken down in more than 600 pages of invoices exactly where the money's going and why it costs so much to manage the estate, which is reportedly worth around $250 mil.

Prince Here's Why Fans Are Pissed at Timberlake ...

2/5/2018 6:50 AM PST
Breaking News

Forget the hologram drama, Prince fans are still VERY upset over Justin Timberlake's Super Bowl halftime performance ... and it all stems from an interview the Purple One did in 1998. 

At the time, Prince sat down with Guitar World Magazine and was asked about the trend of live musicians using technology to duet with someone who had passed away ... think Natalie Cole's version of "Unforgettable" she did with her dad. 

Here's what Prince said at the time ... 

Guitar World: "With digital editing, it is now possible to create a situation where you could jam with any artist from the past. Would you ever consider doing something like that?"

Prince: "Certainly not. That's the most demonic thing imaginable. Everything is as it is, and it should be. If I was meant to jam with Duke Ellington, we would have lived in the same age. That whole virtual reality thing... it really is demonic. And I am not a demon. Also, what they did with that Beatles song ["Free As a Bird"], manipulating John Lennon's voice to have him singing from across the grave... that'll never happen to me. To prevent that kind of thing from happening is another reason why I want artistic control."

So, when Timberlake used Prince's voice and image to create a duet -- seems like JT did exactly what Prince didn't want. 

There's more ... 

Sinbad, the comedian, went off on social media about the drama between JT and Prince that started back in 2006 when Timberlake dropped "Sexy Back."

At the time, Prince joked that sexy never left ... and Timberlake responded with a diss verse in "Give It To Me" in which he said to Prince, "Don't hate on me just because you didn't come up with it."

Timberlake later pulled a stunt where he lowered the mic for Prince to mock his height at the Golden Globes. 

Sinbad called Timberlake a "punk ass" for the performance -- and seems to want Timberlake to apologize. 

Don't hold your breath ... 

Celebs In Memoriam Were 2017 Deaths ... More Shocking Than Last Year's?

12/29/2017 12:40 AM PST

A bunch of celebs died over the course of this year -- and as tragic as they were, we gotta ask ... do their deaths top 2016 in shock value?

Stars as big as Hugh Hefner, Tom Petty and Bill Paxton all passed away in 2017 -- but the year also saw back-to-back suicides in rockers Chris Cornell and Chester Bennington

Remember, the world lost Prince (and A LOT of other people) last year -- which left tons of folks shook. But, the fallen stars of 2017 might've been just as earth-shattering.

Take a look back at who we've lost in Hollywood this year ... RIP.

Prince Memorabilia Takes Over the O2 Arena

10/27/2017 8:32 AM PDT

London's O2 arena has been transformed into a Prince museum with hundreds of his belongings on display, including some of his most iconic outfits.

Prince's sister, Tyka Nelson, helped curate the My Name Is Prince exhibition. Most of the items were flown in from from Paisley Park, the Purple One's compound in Minnesota. 

The exhibit is lined with everything from guitars, clothes and liner notes from several different times in Prince's life, including the "Purple Rain" era. The O2 is a special place for Prince -- he played a record-breaking 21 sold-out nights there in 2007.

The exhibit is at the O2 through January 7, 2018.

Prince 'Purple Rain' Handwritten Notes Hit Auction for Thousands!

9/18/2017 12:40 AM PDT

Prince was a perfectionist and it's evident in the handwritten edits he made to "Purple Rain" and lyrics for songs which hit the auction block for a hefty price.

Some 200 Prince-related items are up for bidding via RR Auction including the 9 pages of notes Prince made on his epic 1984 opus which RR thinks will go for more than $12k!!!

They're pretty cool ... you can see where Prince changed and added things to the original screenplay: "1. Glove box opens, Jerome fingers camisole, hands it back 2 Morris, 2. Morris takes it. Uh, 1 more thing here's a little something ..." and so on. 

Some other Prince items include:

-- Yellow boots he wore onstage from '86-'92 ... $12k
-- "The Ladder" handwritten lyrics ... $8k
-- Lace crop top .... $3k
-- His Parade Tour tambourine ... $1.5k
-- "Camille" Advance Pressing ... $4k
-- Prince's 1980 Rick James tour all access pass ... $800

Bidding ends Sept. 27.

Prince's Sound Engineer Makes 8-Figure Offer For Massive Music Vault

8/24/2017 1:00 AM PDT

Prince's former sound engineer is claiming victory over the estate in their battle over song rights, at the same time the engineer made an 8-figure offer to own Prince's enormously valuable music vault.

George Boxill claims the late singer gave him the masters and the rights to a number of Prince's published songs, which Boxill also claims he co-wrote.  

The songs have been the subject of prolonged litigation, but Boxill says the estate recently admitted in open court he did indeed have the right to release the tracks and profit from them. This is a dramatic turn, since the estate actually got an injunction that derailed Boxill from releasing all but one song. Boxill is aggressively trying to get the injunction overturned.

Now here's where it gets good. Sources connected to Boxill tell TMZ, Boxill and his music label, RMA, recently made a $10 million offer to the cash-strapped estate for the entire vault of unreleased music, but our sources say they were turned down flat.

There were reports Jay-Z offered $40 mil but we're told it was way less and was for the entire catalog. Universal actually made a $31 mil offer for the entire catalog but the deal fell apart. 

Prince's estate denies saying Boxill has any rights to Prince's music ... and adds, "After Prince passed away, Mr. Boxill began treating the recordings as his property, and used them for his own benefit at the expense of the Prince Estate."

Maya Rudolph Nails 'Purple Rain' For Prince's Bday With Armisen on Drums!

6/9/2017 9:44 AM PDT

Maya Rudolph tipped her hat to Prince Thursday night with her cover band, Princess ... the last night of back-to-back sold-out shows honoring the Purple One's 59th birthday.

The 'SNL' vet performed at the Teragram Ballroom in L.A., and her old co-star, Fred Armisen, sat in on drums for "Darling Nikki", "Nasty Girl" and "Purple Rain."

Even Prince had said he was a fan of Maya's group ... easy to see why.

If you know what I'm singing about up here, c'mon, raise your hand!

Prince Estate Ordered to Pony Up $1 Million To Keep 'Deliverance' Off Market

5/3/2017 2:08 PM PDT

Prince's estate has just been ordered to put $1 million where its mouth is .... if it wants to keep Prince's unreleased music off the market.

A judge just extended a restraining order that blocks the release of the "Deliverance" EP by producer George Ian Boxill, who insists he has the right to release the tunes.

The music still can't be released, but there will eventually be a trial to determine if Boxill had the right to put out the music. The judge wants the estate to post a $1 MILLION bond which will go to Boxill if he ends up winning the trial. That money will cover at least a portion of his losses.

As for the one song that Boxill released ... the judge did not try and unscramble that egg. People who bought it get a pass.

Prince Estate We're Holding Back New Music For Our Reality Show!

5/1/2017 12:50 AM PDT

Prince's estate wants to get into the reality show biz, and that's why it went to war to shut down the release of a new album on the anniversary of his death.

Sources close to Prince's heirs tell us the reality show, featuring family members, is in the works right now, and will focus on how their lives have changed since he died.

We're told the family's fighting George Ian Boxill, the producer of the "Deliverance" EP, to keep the music under wraps ... so they can debut it on the show. So, the good news is ... there's still hope the music will see the light of day. The question is when?

We're told the reality show is still in early development. They have a production company on board, but no deal to air yet.

Meanwhile, the court has ordered Boxill to turn over the music to the estate, but he's still fighting that.

Prince Toronto Home Hits the Market For a Fortune!!!

4/26/2017 12:40 AM PDT

It's as if Prince never left his former crib -- his magic touch is all over the place and it can be yours for a VERY shiny penny.

The Purple One's former Toronto pad is back on the market for $13,186,500. And talk about a huge jump in market value -- the house was listed at just under $9.5 mil 2 years ago.

The 14,500 square foot compound has subtle -- and not so subtle -- reminders that Prince once lived there from 2001 to 2006 when he was married to Manuela Testolini.

From the purple carpet in the basement to his stamps on dining room doors and the iron-type desk where he wrote and read, there's constant reminders of his revering presence. 

We're told the seller yanked the listing shortly after the singer's death because the seller didn't want to make it look like he was capitalizing on Prince's passing.

And how's this for a bonus: the lucky buyer will live in the same neighborhood as one of Drake's.

Victor Brewda of Forest Hill Real Estate and Barry Cohen of RE/MAX are repping the seller.

Prince Wanted Fans to Hear Music Vault ... Says Protege Shelby J

4/21/2017 4:26 PM PDT

Prince absolutely wanted his mountain of unreleased music to be heard after his death ... this according to his friend and longtime protege, Shelby J.

Shelby told us -- on the first anniversary of Prince's death -- she distinctly remembers talking to him about the legendary vault of music he'd recorded ... some even with her. She says Prince was very clear about his wishes.

Prince's estate got a restraining order against the producer who tried to release a 5-track EP of previously unreleased tracks. But according to Shelby -- who worked with Prince for 10 years -- he'd be on board with "Deliverance," and much more, going public.

Prince Anniversary Morris Day, Fans Celebrate His Life

4/21/2017 7:06 AM PDT

The first anniversary of Prince's death is marked by a couple of his favorite things -- new music, and his fans.

Fans gathered at Paisley Park, Prince's home and studio, on Thursday night as part of Celebration 2017 -- 4 days of concerts honoring the legend who died a year ago today. Huge bouquets of purple balloons flew outside the event.

And there's this ... Morris Day -- lead singer of The Time and Prince's nemesis in "Purple Rain" -- released a new song in his honor ... "Over That Rainbow."

Morris told Rolling Stone the last time he saw Prince, "I thought maybe something wasn't right. I thought, he looked thin, even though he always looks fragile. After he passed away, I just wondered if he knew something that he wasn't telling me. I just felt like he knew. Like he knew that something wasn't right."


Prince Lawyers Haul in Millions Off Death

12/1/2016 10:15 AM PST

It pays to be Prince's lawyers ... they're raking in a ton of cash for handling the late singer's estate and legal issues.

The special administrator handling Prince's estate -- Bremer Trust -- filed docs asking the court to approve more than $2.3 million in bills racked up from July 1 through Sept. 30. As the estate describes it ... handling "the complexity of the problems involved" doesn't come cheap, and requires a bunch of high-priced lawyers.

The biggest expense so far is for the legal services of Stinson Leonard Street at $1,840,895.97. Remember, that's just for 3 months of work. In all, there are 6 firms listed as handling everything from claims by potential heirs to Paisley Park Museum plans. For the record, the lowest tab was for Broad and Cassel ... which only billed the estate for $915.73.

Some of the dough's also going to law firms in Italy and Florida handling copyright suits, plus a lawsuit in Cali to collect royalties.

Prince's estate is reportedly worth 200 million bucks. 

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