Their lucrative contract with the superstar stipulates that they produce six albums over the next five years with Beyoncé taking home 15 percent of their gross earnings.
Beyonce has signed three young artistes to her record label, Parkwood Entertainment.
The first two contracts have been given to LA-based sisters Chloe Bailey and Halle Bailey – 17 and 15 years old respectively – who were discovered when Beyoncé’s manager watched a YouTube video of them singing Mrs Carter’s Pretty Hurts.
Their lucrative contract with the superstar stipulates that they produce six albums over the next five years with Beyoncé taking home 15 percent of their gross earnings, reports Page Six.
The final contract was offered to a singer named Sophie Beem from New York, who made it to the final 40 of The X Factor in the America in 2012.
The terms of the contracts, which are alleged to be worth a collective $1.5 million, are pending approval from a Manhattan judge, since the girls are all minors in the US.
Hmmm!!! Posh lifestyle and highly business minded strategies! Nice one ooooooo
ReplyDeletewww.eupdates247.com
The big mama is improving, congratulations to her
ReplyDeleteNice one but bad dress
ReplyDeleteWao this is a very lucrative contract especially with the sound goddess Beyonce and the part I cherish is she is asking for only 15 % wao, dats a beautiful deal for upcoming music stars. I wish Nigerian music stars can emulate Bey in this.
ReplyDelete