Member Since: 11/27/2010
Posts: 9,806
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Janet BMG negotiate 50/50 Split of Record Sales
http://m.billboard.com/entry/view/id...campaign=Daily
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After a long lukewarm period, it seems the world wants Janet Jackson back. Still, by diva standards, the Janet rollout has had a relatively low profile so far. Why? “I think there’s a desperation to a lot of the older divas,” says Jon Cohen, evp of recorded music at BMG US. “They’ve got to hit it out of the park. With Janet, if she doesn’t put out a cross-format smash right out of the box, people think it isn’t a success, but that’s not it. This was completely calculated.”
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Enter Kathy Ireland. The model/*businesswoman took a vested interest in Jackson’s career through Sterling/Winters, Jackson’s *management company, which is owned by Kathy Ireland Worldwide and run by *president/COO Stephen Roseberry. Sharing management duties are Jaime Mendoza and Jessica Davenport of JDJ Entertainment, who, as a group, negotiated with BMG to lock down a recording budget for Jackson (to the tune of at least $500,000, according to an insider) along with a sizable marketing spend.
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BMG, which is *providing *marketing and promotion while the singer retains ownership of the recordings, declines to reveal specifics about Jackson’s *licensing deal, but an insider familiar with the company’s contracts says BMG tends to favor “small-money, short-term deals.” In Jackson's case: no advance but an attractive back-end (a 50/50 split)
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Janet also secured a recording budget of $500k for her album. No Sleeep was in fact a calculated release.
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