Lauryn Hill Launches Label with Sony, Addresses Financial Troubles
Earlier this week, it was reported that Lauryn Hill had signed a new record deal to help pay off some of her tax debt. The former Fugees frontwoman, who is facing jail time, is now sharing more details surrounding the agreement. As part of the lucrative deal, she will launch her own label with Sony and release new music there.
“I have recently entered into an agreement with Sony Worldwide Entertainment, to launch a new label, on which my new music will be released. And yes, I am working on new music,” the mother of six writes in an open letter.
The deal was reported to be worth $1 million dollars, but she says those figures are incorrect. “The nature of my new business venture, as well as the dollar amount reported, was inaccurate, only a portion of the overall deal,” she explains.
The 37-year-old singer attributes her current financial position to “a completely complicated set of traps, manipulations, and inequitable business arrangements.” It was reported that she owes $968,000 in back taxes, but her lawyer is confident that she will pay off the debt prior to her sentencing on May 6.
Read Ms. Hill’s letter below.
It has been reported that I signed a new record deal, and that I did this to pay taxes. Yes, I have recently entered into an agreement with Sony Worldwide Entertainment, to launch a new label, on which my new music will be released. And yes, I am working on new music.
I’ve remained silent, after an extensive healing process. This has been a 10+ year battle, for a long time played out behind closed doors, but now in front of the public eye. This is an old conflict between art and commerce… free minds, and minds that are perhaps overly tethered to structure. This is about inequity, and the resulting disenfranchisement caused by it. I’ve been fighting for existential and economic freedom, which means the freedom to create and live without someone threatening, controlling, and/or manipulating the art and the artist, by tying the purse strings.
It took years for me to get out of the ‘parasitic’ dynamic of my youth, and into a deal that better reflects my true contribution as an artist, and (purportedly) gives me the control necessary to create a paradigm suitable for my needs. I have been working towards this for a long time, not just because of my current legal situation, but because I am an artist, I love to create, and I need the proper platform to do so.
The nature of my new business venture, as well as the dollar amount reported, was inaccurate, only a portion of the overall deal. Keep in mind, my past recordings have sold over 50,000,000 units worldwide, earning the label a tremendous amount of money (a fraction of which actually came to me).
Only a completely complicated set of traps, manipulations, and inequitable business arrangements could put someone who has accomplished the things that I have, financially in need of anything. I am one artist who finds value in openly discussing the dynamics within this industry that force artists to compromise or distort themselves and what they do, rather than allowing them to make the music that people need. There are volumes that could (and will) be said.