Toni Braxton: My Bankruptcy Case Changed the Business -- Sexy Chanteuse Opens up About Financial Woes Ahead of Vegas Headline Comeback
Las Vegas (ContentDesk) August 3, 2006 -- Pop star Toni Braxton, long tight-lipped about her embarrassing bankruptcy in 1998, told The Strip podcast this week she earned just $2,000 in royalties on her multi-platinum sophomore album Secrets, a pittance that forced major changes in how recording artists contracts are structured now.Braxton, aiming for a return to the limelight after two lackluster albums, opens a six-month Vegas headliner gig at the Flamingo Hotel-Casino on Aug. 3."My situation wasnt about having an artist spending all her money, my situation was about an artist who made 32 cents a record and had to pay back all the money the record company invested and pay back studio time and had to pay back the promotion and everything, Braxton told the weekly celebrity interview show The Strip, which is found at www.thestrippodcast.com. So when I got my royalty checks for my second album, it was less than $2,000. This is fact. Braxton admits part of it was her fault but says it was a lousy contract that really did her in and that forced big changes in the recording industry.She said: Was it my fault for spending money before I had money? Yes. But I was on tours spending money on tours promoting myself for my record.
So thats how my money was being spent, the money I thought I was getting. And because of my case, it changed a lot of artists contracts. It changed a lot of the laws in entertainment. So my situation was a little bit different. But the reason you don't hear about it is because no one wants to bring it up and talk about that case."Many saw the six-time Grammy winners 1998 bankruptcy as a ploy to renegotiate her contract with LaFace Records, the label founded by Antonio LA Reid and Kenneth Babyface Edmonds that made her a star.
Braxton is best known for Breathe Again and Unbreak My Heart. The audio of this show and any edition of The Strip, which posts every Thursday night, can be found at http://thestrip.podshow.com/.About The Strip The Strip, presently No. 1 in its category, is a breakthrough in podcasting by featuring a litany of major Las Vegas celebrities including Steve Wynn, Dennis Miller, Charlie Palmer, Harvey Fierstein, Dennis Hopper, Johnny Mathis, Kathy Griffin, Howie Mandel, David Copperfield and dozens of others. Co-hosts Steve Friess (USA Today, Newsweek) and Miles Smith (NBC) are two of the most respected journalists in Las Vegas.The Strip is a proud member of the Podshow Podcast Network, the premier network in podcasting founded by media entrepreneurs Ron Bloom and Adam Curry, host of The Daily Source Code. Listen to The Strip and connect with their fans now on PodShow+ at www.podshow.com. * PodShow, PodShow+, PodShow, Inc.
All other trademarks are the property of their respective owners. The Strip Contact:Steve Friess??????Ph: 702-384-1435????????????M: 702-301-2844www.TheStripPodcast.com????????????PodShow Contact:Aaron BurcellPh: 415-247-8612M: 650-740-3134www.podshow.com.
Debt Facts
In 2003, almost one and a third percent of US househoulds (about 1,650,000) filed for bankruptcy, indicating that bankruptcy may not have quite the stigma attached to it as in other parts of the world.Somehow, the USA, with a population of about 294 million, managed to have over a billion credit cards in issue. That's over 4 cards for every man women and child. About 20,000 different cards are on offer from suppliers.Those credit cards, together with debit cards, account for a quarter of ALL personal expenditure in the US.Debt is a fairly recent phenomenon. Before the 1930's, most people couldn't borrow, even to finance property, and either rented homes or built them from scratch. Nowadays, mortgage debt runs in the trillions.
Personal debt excluding mortgages is about $19k per household on average, over half of which is on credit cards, a figure that is triple the statistic of 1990.Nowadays, over 40% or US families routinely spend more each year than they earn. The difference?...
Debt Facts
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Dallas Criminal Attorneys
Protecting the rights of Dallas county citizens has been the primary aim of the Dallas Criminal Defense Lawyers Association (DCDLA) for the past 57 years. Its 250-strong members, all professional criminal attorneys employed by top defense firms, have beeninvolved in protection of individual rights and legislation as guaranteed by the U.S. Constitution and the Texas Constitution.
The association holds that criminal defense lawyers should represent anyone who has been accused of committing a crime to the best of their abilities. Other than question witness in court, defense lawyers need to explain objectively the defendant's position.
Through their skills of negotiation, they can talk prosecutors into reduced charges. They are expected to be familiar on the one hand, with criminal law so as to be able to interpret it in a way appropriate to the client's case, and on the other, with local court procedures, which may be unwritten but are binding. They have to also be...
Dallas Criminal Attorneys
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