Prince warns Mariah: "You've been screwed"
Pop superstar Prince is convinced Mariah Carey "got screwed" by her new record deal - even though she signed to Virgin for $20 million an album.The When Doves Cry singer, who famously refuses to sign record contracts after a well-publicised bust-up with Warner Brothers, fears Carey hasn't been doing her homework on the new deal.
He says, "If you sign me to a record deal and the album sells for $18 how much of that would you give me. Does half sound good? OK. So if I sell a million copies I'm gonna have about $10 million, if I sell two million, I've got $20 million and if I just sell three million copies I make $30 million. Mariah kinda got screwed.
I realised a long time ago that record contracts don't work - when you mortgage a house you get to keep the house but with a record contract, you pay for the house and they keep it. They get the master recordings and things like that." (WENN) Many thanks to Jake.
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