Sister in Control (, 1991)

According to sources familiar with the negotiations, Virgin beat out a pack of competitors by guaranteeing Janet three albums at $10 million apiece. But the most interesting aspect of the worldwide deal is said to be a $10 million payment to her if Virgin is sold — a groundbreaking clause that other superstars will now want in their contracts. Why would Jackson seek such a clause? In recent years tape and CD prices have skyrocketed, but artists haven’t always benefited from the newfound wealth. Janet herself was one of A& M’s most valuable assets when the company was sold to PolyGram in 1989 for more than $500 million — and she didn’t get a dime.

via Sister in Control | Music |

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