Music

Lauryn Hill Inks $1M Deal With Sony Records And Sets The Record Straight About Her Financial Problems

Lauryn Hill has been in the public eye for her tax evasion case, but she is breaking her silence in a recent Tumblr post that sets the record straight on her finances. She is also working on new tunes to be released in the future.

Lauryn-Hill

Reportedly, Hill signed a $1 million recording contract with Sony. In the post, she says, “ I have recently entered into an agreement with Sony Worldwide Entertainment, to launch a new label, on which my new music will be released. And yes, I am working on new music.”

Here’s the rest of the Tumblr post:

I’ve remained silent, after an extensive healing process. This has been a 10+ year battle, for a long time played out behind closed doors, but now in front of the public eye. This is an old conflict between art and commerce… free minds, and minds that are perhaps overly tethered to structure. This is about inequity, and the resulting disenfranchisement caused by it. I’ve been fighting for existential and economic freedom, which means the freedom to create and live without someone threatening, controlling, and/or manipulating the art and the artist, by tying the purse strings.

It took years for me to get out of the ‘parasitic’ dynamic of my youth, and into a deal that better reflects my true contribution as an artist, and (purportedly) gives me the control necessary to create a paradigm suitable for my needs. I have been working towards this for a long time, not just because of my current legal situation, but because I am an artist, I love to create, and I need the proper platform to do so.

The nature of my new business venture, as well as the dollar amount reported, was inaccurate, only a portion of the overall deal. Keep in mind, my past recordings have sold over 50,000,000 units worldwide, earning the label a tremendous amount of money (a fraction of which actually came to me).

Only a completely complicated set of traps, manipulations, and inequitable business arrangements could put someone who has accomplished the things that I have, financially in need of anything. I am one artist who finds value in openly discussing the dynamics within this industry that force artists to compromise or distort themselves and what they do, rather than allowing them to make the music that people need. There are volumes that could (and will) be said.

Source: XXL

1 Comment

1 Comment

  1. Workdog

    April 30, 2016 at 9:09 AM

    This sister is one of the most articulate and intelligent minds on the planet.Considering that Prince and MJ both went to war with their respective record companies over ownership of their own work and creativity with Prince likening himself to a slave, the discussion she speaks of is badly needed. I would also point out that Bob Marley her father in law,maintained tight control over Tuff Gong his record company ( although he fought pirates for years )and today that is a billion dollar brand with profits going to his family.Master P also retained control over his brands as well and is close to that billion dollar mark as well. He also saved a lot of hip hop artist when the big labels fucked them over.Ask Snoop Dog.Long story short, Record Labels ( the Babylon machine/ Sony, Time Warner etc )know there’s gold in those black minds and once they have your signature on a contract you have sold yourself to the devil making yourself a slave.

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