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From TLC to the Rolling Stones: 10 Legends robbed by the music business

New Edition

In the early 1980s, New Edition were the hot, new teen stars of R&B. But when they returned home to Boston after their first major tour, they were shocked to discover “paychecks” that only amounted to $1.87. They sued to get out of their contract and succeeded; and moved to a major label, MCA. Only they weren’t actually signed to MCA, they were signed to a production company that signed a deal with MCA. To free themselves from the production company, they had to borrow money from MCA and buy their way out of that contract; a move that left them in debt and tied to MCA for 17 years.

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1 Comment

  1. Will Raymonds on August 4, 2017 at 1:40 am

    According to this article, the manager of Nektar nearly bankrupted the band and got jail time for that.

    http://slides.com/jameskaan/roy-clay-music-producer-jailed#/