What happened to LaFace?
In 2004, the label was rebooted, and it began operating through Jive Records until both were absorbed into RCA Records in 2011. Today, the label’s back catalog and reissues are managed by Legacy Recordings.
How much did TLC Sue LaFace Records?
The group was famously unhappy with their deal, which led to TLC suing LaFace Records and Pebbitone in 1994, claiming that they were only paid $50,000 each between 1993 and 1994 despite having sold 11 million copies of their album, CrazySexyCool.
What was wrong with TLC contract?
TLC / TONI BRAXTON: We’re lumping these artists together because they fell prey to the same label at roughly the same moment in time: both TLC and Braxton signed notoriously bad contracts with Arista’s LaFace Records, both were delayed royalty payments, and both filed for Bankruptcy, despite having grossed millions.
What is LaFace worth?
L.A. Reid Net Worth: L.A. Reid is a music executive and producer who has a net worth of $300 million dollars. He is best known for being the founder of Hitco Entertainment, Hitco Music Publishing and for co-founding LaFace Records with Kenneth “Babyface” Edmonds.
Did TLC ever get their money?
TLC went bankrupt shortly after releasing the album. Though CrazySexyCool sold 11 million copies in the U.S., making an incredible $75 million dollars for their record company, TLC’s ludicrously exploitative contracts only paid each of the members $50,000.
How much did LaFace records sell for?
OutKast’s 2000 album Stankonia was met with widespread critical acclaim, and the record sold well. In 2000 BMG (Arista’s parent company) bought out Reid and Edmonds’ 50 percent share of LaFace for $100 million, and the company relocated to Los Angeles as part of a restructuring deal.
What label is DaBaby signed to?
Interscope Records
South Coast Music GroupUniversal Music Group
DaBaby/Record labels
DaBaby has released 3 albums since 2019 In 2019, the Charlotte, North Carolina native inked a record deal with Interscope Records and launched his own imprint, Billion Dollar Baby Entertainment.
Why did Pebbles and LA Reid divorce?
Pebbitone and TLC Pebbitone managed TLC, which was signed with LaFace Records, L.A. Reid’s record label. When TLC filed for bankruptcy in 1995, due to Pebbles’ alleged mismanagement regarding their funds, the ensuing conflict damaged Pebbles’ marriage. She divorced Reid, and Pebbitone sued LaFace for $10 million.
How did TLC get out of their contract?
The group were finally let out of their contract with Pebbitone and got to renegotiate their deal with LaFace Records after two years of awkward legal wrangling.
Who are some of the artists on LaFace Records?
The following is a list of artists who have recorded for LaFace Records. 1 Life 2 Live A Few Good Men Az Yet B-Rock & The Bizz Toni Braxton The Braxtons Ciara Damian Dame
When did LaFace Records move to Arista Records?
As a result of Reid’s promotion, LaFace was dissolved as most of its prominent acts moved up to the main Arista label to continue to work under Reid. In 2004, after the corporate restructuring of the BMG labels, LaFace was reactivated as one-quarter of the newly reconstructed Zomba Music Group during the Sony BMG joint venture at the time.
Who is the parent company of LaFace Records?
LaFace Records Parent company Sony Music Entertainment Founded 1989 Founder Antonio “L.A.” Reid Kenneth “Babyface” E Status Defunct (absorbed into RCA Records)
When did Babyface start his own record label?
Towards the end of the decade, LaFace produced fewer artists, while Babyface began to focus more on his own music career. The label was acquired completely by Arista and BMG in 1999.
