Lessons Learned From

           P r in c e
Success Strategies for Signed & D.I.Y A
                                     . rtists




          Conducted By Gian Fiero
OBJECTIVES

•   Analyze
•   Identify
•   Extrapolate
•   Apply
ORIGINS
• Prince was born June 7, 1958
ORIGINS
•   Mother, Mattie Shaw
•   Father, John Nelson
•   Prince Rogers Trio
•   Father had three children from
    previous marriage (Lorna,
    Sharon, and John)
•   Mother had a son from a
    previous marriage (Alfred)
•   2 parents, 6 children, from 3
    different marriages
ORIGINS
Tyka Nelson
ORIGINS
• He started playing the piano at 5; was proficient by age 7
ORIGINS

•   Loved basketball
•   Bullied as a child
•   His mom nicknamed him
    “Skipper”
•   Parents divorced when he
    was 10
ORIGINS

• His mother re-marries
• Prince hated his new
  step father
• Ran away; moved in
  with his father
• Got kicked out at the
  age of 12
ORIGINS
•   Vagabond at 12
•   Met Andre Anderson
•   Bernadette Anderson
•   Started a band (Grand Central)
•   Jim Hamilton
•   Champagne
•   Replaced drummer with Morris Day
•   LaVonne Daugherty
INFLUENCE
• Sly & The Family Stone
ORIGINS

•   Pepe Willie
•   Studio experience
•   94 East
•   Champagne demo
•   Graduates in 1976
•   Meets Chris Moon
ORIGINS

• Chris makes a deal
• Prince dumps group
• Studio time &
  mentorship
• Creates “Soft And Wet”
  with Moon’s help
• Goes to New York to
  shop for record deal
ORIGINS
•   Moon plays demo for Owen
    Husney
•   Prince gets rejected by Atlantic
•   Tough time in Big Apple
•   Returns to Minneapolis to meet
    Owen
•   Hires him as manager
ORIGINS
•   Formed American Artists
•   Immediately invested
    $50,000
•   Prince’s allowance was
    $50.00 per week
•   Got Prince an apartment
•   Purchased new musical
    equipment
•   Leased rehearsal space
•   Formed strategic plan for
    getting record deal based
    on Prince’s USPs
ORIGINS

•   Young
•   Extraordinary musicianship
•   Ability to record an entire album by
    himself
•   Highly creative
•   Natural allure/mysteriousness
•   Innovative
•   Not just an R&B artist
•   Mass market appeal
ORIGINS
• Meets with:
ORIGINS
Incredible!
ORIGINS
Verdine White
ORIGINS

• Russ Thyret, high level executive, Mo
  Ostin, chairman, and Lenny
  Waronker, president
• Russ was the main influence
• Acknowledged Prince’s USPs
• Signed 3 album deal, June 25, 1977,
  for $180,000
RECORDS FIRST ALBUM

• “For You” released April 28,
  1978
• Cost $175,000
• Sold 150,000 units
• Reached number 21 on
  Billboard’s Soul Chart
• Prince was irate
• Manager (Husney) quits
GETS NEW MANAGEMENT

• Firm of Cavallo &
  Ruffalo
• Steve Fargnoli
  (manager)
• Assembled band
• Organized tour
PERFORMANCE EXPERIENCE

•   Opened for Rick James
•   Hated Rick James
•   Learned from Rick James
•   Records second album
SECOND ALBUM

• “Prince” released in October,
  1979
• “I Want To Be Your Lover”
• The song reached number 1 on
  the Soul singles charts
• Sells 1.75 million
• Prince was dissatisfied
THIRD ALBUM
• Desired to reach white
  audiences
• Dirty Mind released in October
  1980
• Features “Dirty Mind,”
  “Partyup,” “When You Were
  Mine,” and “Uptown.”
• Became increasingly sexual
• Showed up to company
  meetings dressed like this >
THIRD ALBUM

• “Partyup,” was written by
  former drummer, Morris Day
• Album reaches 45 on Pop
  charts
• Sells 1.8 million
• Prince is irate
KEY ALLY
• Lisa Coleman replaces Gayle Chapman
FORTH ALBUM

•   Prince gets a stylist
•   Warner Bros oversees new
    album cover >
•   Controversy released in
    October of 1981
•   Features single “Controversy,”
    “Let’s Work,” “Do Me Baby”
•   Captures the curiosity of black
    and white audiences.
•   Sells 2.3 million
•   Prince still not satisfied
CONTROVERSY TACTICS

•Buzz created
•Is now controversial
•Radio intrigued by
“Do Me Baby”
•Gets and likes the
attention
MEDIA COVERAGE

• Howard Bloom
• Rolling Stone, February of
  1981
• Public interest was
  building
• Performance offers
  increased
THE ROLLING STONE INCIDENT

• 3 nights in LA
• Largest crowd ever for Prince
• Received catcalls, boos, and had
  paper cups thrown the first night
• Bill Graham intercedes
THE ROLLING STONE INCIDENT

• Orange juice, a grapefruit, and
  a bag of chicken thrown at them
• Prince storms of stage
SIDE PROJECTS

• Recruited Morris Day for drums
• Recruited Alexander O’Neal for lead
  vocals
• Alexander rejected the offer
• Inserted Morris Day as lead
• Creates The Time, records album
SIDE PROJECTS

•   Album released in 1981
•   Consists of: Morris Day
    (lead vocals)
•   Jesse Johnson (guitar &
    vocals)
•   Jimmy Jam (keyboards &
    vocals)
•   Jellybean Johnson (drums
    & percussion)
•   Terry Lewis (bass & vocals
•   Monte Moir (keyboards &
    vocals)
SIDE PROJECTS

            Vanity 6
•   Susan Moonsie, Brenda
    Bennett, and Denise
    Matthews
•   Album released in August,
    1982
•   Reached number 6 on the
    Black Charts

•   Sold 500,000 units
FIFTH ALBUM

•   Prince releases 1999 in 1982
•   Objective: crossover success
•   MTV plays video for "1999"
•   Follow-up is "Little Red
    Corvette"
•   It crosses over...somewhat
•   Sells 5 million
•   Media attention grows
•   Tour is organized with Prince,
    The Time and Vanity 6
WENDY THE WONDERFUL
• Wendy Melvoin replaces Dez Dickerson
THE REVOLUTION BEGINS
• Mark Brown, Bobby Z, Matt Fink, Lisa Coleman, and
  Wendy Melvoin – The Revolution
PURPLE DROPLETS
 • 1984 - You’re fired!
PURPLE REIGN
• Management contract is set to
  expire
• Warner Bros Films rejects Purple
  Rain
• Mo Ostin loans 2 million for movie
  production
• Casts The Time and Vanity 6 as
  co-stars
• Fires Vanity after she sleeps with
  the director
• “Dreams”
PURPLE REIGN

• Replaces her with
  Apollonia
• Vanity 6 now called
  Apollonia 6
• Morris Day develops
  cocaine habit
• Steals the spotlight
PURPLE REIGN
•   Purple Rain released in
    summer 0f 1984
•   The single "When Doves Cry"
    hits number 1
•   Best selling single of the year
•   Album number 1 for 24 weeks
•   Sells 16.3 million units
    worldwide
•   Cross over success is
    achieved!
•   Prince is not irate
•   Tour is organized
PURPLE DROPLETS

•   Soundtrack contains "Darling
    Nikki"
•   Tipper Gore's daughter likes
    it…a lot
•   PMRC passes legislation
•   Parental advisory becomes
    standard
•   Thanks to Prince
SIDE PROJECTS

• “The Family” album
  released in 1985
• Features “Screams
  of Passion,” and
  “Nothing Compares
  To You”
SEVENTH ALBUM
•   Records "Around The World In A
    Day" while on Purple Rain tour
•   Releases it in 1985
•   Prince turns in artistic, multi-genre
    influenced album
•   Warner Bros hates it all - except
    "Raspberry Beret"
•   Prince requests that it not be
    promoted
•   It hits number 2 on R&B charts; 3 on
    Pop charts
•   It sells just 3 million units (US) (4.3
    million Worldwide)
UNDER THE CHERRY MOON
Follow-up to Purple Rain…but not a sequel
EIGHTH ALBUM
• 1986 - Releases “Parade”
• Features “Kiss”
• Sold 3.5 million
PARADE…MARCHES ON
• September, 1986, Wendy & Lisa get fired
TIME 4 A LABEL
• 1986 – Starts Paisley Park Records
SIDE PROJECT
• 1987 - Releases jazz inspired side project
NINTH ALBUM

• 1987
  -Releases
  “Sign O’ The
  Times”
• Formerly
  “Crystal Ball”
• Sells 3.75
  million
• Becomes very
  irate
OWNERSHIP
• 1988 - Builds Paisley Park Studios
TENTH ALBUM?
• Records “The Black Album”
• Cancels its release
TENTH ALBUM
• 1988 - Releases “LoveSexy”
     • Sells 2.7 million
     • Organizes tour
MANAGEMENT CHANGE
• 1989 – fires Cavallo,
  Ruffalo, & Fargnoli
• Hires Albert Magnoli
• Visits the set of Batman
• Tim Burton
• “1999” and “Baby I’m A
  Star”
• Enamored with The
  Joker
• Soundtrack album
  results
ELEVENTH ALBUM
• 1989 - Back to number #1 / Sells 4.4
  million
• Contains “Partyman,” and “Batdance”
MANAGEMENT CHANGE

• Albert Magnoli
  quits
• Arnold Stiefel &
  Randy Phillips
• Gets $8 million for
  Graffiti Bridge
• Anna Garcia,
  Madonna & Kim
  Basinger
• “Awful”
CLIMATE CHANGE
• 1989 - NWA releases “Straight Outta Compton”
GRAFFITI BRIDGE
• 1990 - Releases
  “Graffiti Bridge”
• Sequel to Purple Rain
• Tevin Campbell
• Featured Ingrid
  Chavez
• Featured The Time
• Peaks at # 6 in the US
  and reach #1 in the UK
• Sells 1.95 million in the
  US
• 4.2 million worldwide
• Considered a major flop
SIDE PROJECT
•   1990 – Starts to “produce” Tara Leigh Patrick aka Carmen Electra
TRANSITION
• 1991 - Forms new band New Power Generation
DIAMONDS & PEARLS
• 1991 - Sells 6.3 million worldwide
• Organizes Tour
SIDE NOTE

• Involved with 4 women simultaneously
CONTRACT YEAR

• 1992 – Gets new
  contract worth 100
  million dollars
• Quota put in place
DRAMA
•   Releases 5 more albums
    with Warner Bros
    (1992):Love Symbol,
    (1993): Greatest Hits,
•   (1994): Come, (1995):
    The Gold Experience,
    and (1996): Chaos And
    Disorder
•   Becomes irate
•   Wants out of contract
EMANCIPATION
•   1993 - Changes name
•   Released - Carmen Electra’s project (1 million lost)
•   1994 - Releases “The Most Beautiful Girl In The World” under
    new moniker with STAX records
•   Publicity campaign
•   Launched on CBS-TV's Miss America Pageant
•   First UK #1 hit
PULLING THE PLUG
• 1994 – Paisley Park Records folds
• Mo Ostin steps down as chairman of Warner Bros.
MANAGEMENT CHANGE

• Arnold Stiefel &
  Randy Phillips out
• Gilbert Davison in
• ?
MANAGEMENT CHANGE
 • 1995 - Gilbert Davison quits
EMANCIPATION

• 1996 – Financial
  problems
• Gets married on
  Valentines Day
• Lays off band
• Hospitalized
EMANCIPATION…FREE AT LAST!
  • 1996 – Releases Emancipation
EMANCIPATION

•   1997 – Releases “Crystal Ball”
•   5 CD set
•   84,000 pre-orders
•   Most unfulfilled
EMANCIPATION
• 1998 - Mayte miscarries
• They divorce in 1999
FAN BASE?
• 1998 Internet
  growth
• Sues fan websites
  out of business
• Uptown Magazine
MAINTENANCE LESSON

•   1999 meets Clive Davis
•   Signs with Arista/BMG to promote and
    distribute new project (P&D deal).
•   Receives 11 million dollar advance
•   Releases “Rave In2 The Joy
    Fantastic”
•   Lead single “Greatest Romance Ever
    Sold”
•   Organizes tour
EMANCIPATION
• 2000 – Changes name back to Prince
EMANCIPATION
  …but still uses
EMANCIPATION

• “Rave” only sales
  500,000 units
• 2000 – Dissolves
  agreement with
  Arista
• Prince says to Clive
  Davis, “I thought
  you’d be different.”
MARRIAGE NUMBER II
• 2001 – Marries Manuela Testolini
EMANCIPATION

• 2001 - Starts the
  NPG Music Club
• Membership came
  in two options:
  $7.75 for basic
  monthly access or
  $100 per year.
EMANCIPATION
• 2001 – Releases “Rainbow Children”
• Sells 130,000 units
EMANCIPATION
• 2002 – Releases “One Night Alone”
MAINTENANCE LESSON
• 2004 - Prince's releases
  “Musicology”
  simultaneously with tour
• Best-selling album in
  years
• Moves more than
  632,000 copies in five
  weeks
• Attributed to “bundling.”
• SoundScan forbids it
MAINTENANCE LESSON
• 2005 – Signs distribution deal with Universal
MAINTENANCE LESSON
• 2006 – NPG Music Club closes down
MAINTENANCE LESSON
 …so does second marriage
MAINTENANCE LESSON

• 2007 - Performs at half-time of Super Bowl
MAINTENANCE LESSON
• 2007 – Launches fragrance line
MAINTENANCE LESSON
•   2007 - Prince launches his new Planet Earth album as a free giveaway
    with a national Sunday newspaper in London (loss leader)
•   Sony/BMG was irate.
MAINTENANCE LESSON
• 2008 - Performs at Coachella
MAINTENANCE LESSON

• 2009 - Releases 3 album
  set called LotusFlow3r
  exclusively through
  Target, a chain based in
  Prince's home base of
  Minneapolis, Minnesota
  for $11.98.
MAINTENANCE LESSON

• Launches LotusFlow3r,
  a subscription
• Gives access (for a fee)
  to just about every
  Prince concert since
  1984 ever recorded, plus
  music videos.
• Costs $77 per year
MAINTENANCE LESSON
    • Fashion line?
MAINTENANCE LESSON
    • Visual Evolution
FLASHBACK
The Internet Is Dead!
• Pronounces the “Internet
  is dead,” refuses to use
  any digital platforms to
  distribute his music
• Honored with BET
  Lifetime Achievement
  Award
• Releases Twenty10 – His
  27th Album
Welcome To America 2011
                    21 Night Stand


• 85% of tickets made
  available for $25 - including
  service fees.
LESSONS LEARNED - INTANGIBLES
•   Extraordinary talent
•   Vision
•   Identity
•   Belief
•   Branding
•   Confidence
•   Drive & Determination
•   Sacrifice
•   Persistence & Resilience
LESSONS LEARNED - TANGIBLES
                   •   Community
                   •   Ally Support
                   •   Game-plan
                   •   Financing
                   •   Vehicle (s)
CONCLUSION

• Lessons taught, and
  lessons learned are
  not the same thing…
STILL GOING
                       The Time (2009)
   Morris Day (lead vocals); Jesse Johnson (guitar & vocals); Jimmy Jam
(keyboards & vocals); Jellybean Johnson (drums & percussion); Terry Lewis
           (bass & vocals; and Monte Moir (keyboards & vocals)
STILL GOING
                  Wendy & Lisa (2009)

•   Music Scoring/TV &
    Film
•   Nurse Jackie
•   Heroes
•   Soul Food
•   Something New
•   Toys
•   Dangerous Minds
The END

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Lessons Learned From Prince

  • 1. Lessons Learned From P r in c e Success Strategies for Signed & D.I.Y A . rtists Conducted By Gian Fiero
  • 2. OBJECTIVES • Analyze • Identify • Extrapolate • Apply
  • 3. ORIGINS • Prince was born June 7, 1958
  • 4. ORIGINS • Mother, Mattie Shaw • Father, John Nelson • Prince Rogers Trio • Father had three children from previous marriage (Lorna, Sharon, and John) • Mother had a son from a previous marriage (Alfred) • 2 parents, 6 children, from 3 different marriages
  • 6. ORIGINS • He started playing the piano at 5; was proficient by age 7
  • 7. ORIGINS • Loved basketball • Bullied as a child • His mom nicknamed him “Skipper” • Parents divorced when he was 10
  • 8. ORIGINS • His mother re-marries • Prince hated his new step father • Ran away; moved in with his father • Got kicked out at the age of 12
  • 9. ORIGINS • Vagabond at 12 • Met Andre Anderson • Bernadette Anderson • Started a band (Grand Central) • Jim Hamilton • Champagne • Replaced drummer with Morris Day • LaVonne Daugherty
  • 10. INFLUENCE • Sly & The Family Stone
  • 11. ORIGINS • Pepe Willie • Studio experience • 94 East • Champagne demo • Graduates in 1976 • Meets Chris Moon
  • 12. ORIGINS • Chris makes a deal • Prince dumps group • Studio time & mentorship • Creates “Soft And Wet” with Moon’s help • Goes to New York to shop for record deal
  • 13. ORIGINS • Moon plays demo for Owen Husney • Prince gets rejected by Atlantic • Tough time in Big Apple • Returns to Minneapolis to meet Owen • Hires him as manager
  • 14. ORIGINS • Formed American Artists • Immediately invested $50,000 • Prince’s allowance was $50.00 per week • Got Prince an apartment • Purchased new musical equipment • Leased rehearsal space • Formed strategic plan for getting record deal based on Prince’s USPs
  • 15. ORIGINS • Young • Extraordinary musicianship • Ability to record an entire album by himself • Highly creative • Natural allure/mysteriousness • Innovative • Not just an R&B artist • Mass market appeal
  • 19. ORIGINS • Russ Thyret, high level executive, Mo Ostin, chairman, and Lenny Waronker, president • Russ was the main influence • Acknowledged Prince’s USPs • Signed 3 album deal, June 25, 1977, for $180,000
  • 20. RECORDS FIRST ALBUM • “For You” released April 28, 1978 • Cost $175,000 • Sold 150,000 units • Reached number 21 on Billboard’s Soul Chart • Prince was irate • Manager (Husney) quits
  • 21. GETS NEW MANAGEMENT • Firm of Cavallo & Ruffalo • Steve Fargnoli (manager) • Assembled band • Organized tour
  • 22. PERFORMANCE EXPERIENCE • Opened for Rick James • Hated Rick James • Learned from Rick James • Records second album
  • 23. SECOND ALBUM • “Prince” released in October, 1979 • “I Want To Be Your Lover” • The song reached number 1 on the Soul singles charts • Sells 1.75 million • Prince was dissatisfied
  • 24. THIRD ALBUM • Desired to reach white audiences • Dirty Mind released in October 1980 • Features “Dirty Mind,” “Partyup,” “When You Were Mine,” and “Uptown.” • Became increasingly sexual • Showed up to company meetings dressed like this >
  • 25. THIRD ALBUM • “Partyup,” was written by former drummer, Morris Day • Album reaches 45 on Pop charts • Sells 1.8 million • Prince is irate
  • 26. KEY ALLY • Lisa Coleman replaces Gayle Chapman
  • 27. FORTH ALBUM • Prince gets a stylist • Warner Bros oversees new album cover > • Controversy released in October of 1981 • Features single “Controversy,” “Let’s Work,” “Do Me Baby” • Captures the curiosity of black and white audiences. • Sells 2.3 million • Prince still not satisfied
  • 28. CONTROVERSY TACTICS •Buzz created •Is now controversial •Radio intrigued by “Do Me Baby” •Gets and likes the attention
  • 29. MEDIA COVERAGE • Howard Bloom • Rolling Stone, February of 1981 • Public interest was building • Performance offers increased
  • 30. THE ROLLING STONE INCIDENT • 3 nights in LA • Largest crowd ever for Prince • Received catcalls, boos, and had paper cups thrown the first night • Bill Graham intercedes
  • 31. THE ROLLING STONE INCIDENT • Orange juice, a grapefruit, and a bag of chicken thrown at them • Prince storms of stage
  • 32. SIDE PROJECTS • Recruited Morris Day for drums • Recruited Alexander O’Neal for lead vocals • Alexander rejected the offer • Inserted Morris Day as lead • Creates The Time, records album
  • 33. SIDE PROJECTS • Album released in 1981 • Consists of: Morris Day (lead vocals) • Jesse Johnson (guitar & vocals) • Jimmy Jam (keyboards & vocals) • Jellybean Johnson (drums & percussion) • Terry Lewis (bass & vocals • Monte Moir (keyboards & vocals)
  • 34. SIDE PROJECTS Vanity 6 • Susan Moonsie, Brenda Bennett, and Denise Matthews • Album released in August, 1982 • Reached number 6 on the Black Charts • Sold 500,000 units
  • 35. FIFTH ALBUM • Prince releases 1999 in 1982 • Objective: crossover success • MTV plays video for "1999" • Follow-up is "Little Red Corvette" • It crosses over...somewhat • Sells 5 million • Media attention grows • Tour is organized with Prince, The Time and Vanity 6
  • 36. WENDY THE WONDERFUL • Wendy Melvoin replaces Dez Dickerson
  • 37. THE REVOLUTION BEGINS • Mark Brown, Bobby Z, Matt Fink, Lisa Coleman, and Wendy Melvoin – The Revolution
  • 38. PURPLE DROPLETS • 1984 - You’re fired!
  • 39. PURPLE REIGN • Management contract is set to expire • Warner Bros Films rejects Purple Rain • Mo Ostin loans 2 million for movie production • Casts The Time and Vanity 6 as co-stars • Fires Vanity after she sleeps with the director • “Dreams”
  • 40. PURPLE REIGN • Replaces her with Apollonia • Vanity 6 now called Apollonia 6 • Morris Day develops cocaine habit • Steals the spotlight
  • 41. PURPLE REIGN • Purple Rain released in summer 0f 1984 • The single "When Doves Cry" hits number 1 • Best selling single of the year • Album number 1 for 24 weeks • Sells 16.3 million units worldwide • Cross over success is achieved! • Prince is not irate • Tour is organized
  • 42. PURPLE DROPLETS • Soundtrack contains "Darling Nikki" • Tipper Gore's daughter likes it…a lot • PMRC passes legislation • Parental advisory becomes standard • Thanks to Prince
  • 43. SIDE PROJECTS • “The Family” album released in 1985 • Features “Screams of Passion,” and “Nothing Compares To You”
  • 44. SEVENTH ALBUM • Records "Around The World In A Day" while on Purple Rain tour • Releases it in 1985 • Prince turns in artistic, multi-genre influenced album • Warner Bros hates it all - except "Raspberry Beret" • Prince requests that it not be promoted • It hits number 2 on R&B charts; 3 on Pop charts • It sells just 3 million units (US) (4.3 million Worldwide)
  • 45. UNDER THE CHERRY MOON Follow-up to Purple Rain…but not a sequel
  • 46. EIGHTH ALBUM • 1986 - Releases “Parade” • Features “Kiss” • Sold 3.5 million
  • 47. PARADE…MARCHES ON • September, 1986, Wendy & Lisa get fired
  • 48. TIME 4 A LABEL • 1986 – Starts Paisley Park Records
  • 49. SIDE PROJECT • 1987 - Releases jazz inspired side project
  • 50. NINTH ALBUM • 1987 -Releases “Sign O’ The Times” • Formerly “Crystal Ball” • Sells 3.75 million • Becomes very irate
  • 51. OWNERSHIP • 1988 - Builds Paisley Park Studios
  • 52. TENTH ALBUM? • Records “The Black Album” • Cancels its release
  • 53. TENTH ALBUM • 1988 - Releases “LoveSexy” • Sells 2.7 million • Organizes tour
  • 54. MANAGEMENT CHANGE • 1989 – fires Cavallo, Ruffalo, & Fargnoli • Hires Albert Magnoli • Visits the set of Batman • Tim Burton • “1999” and “Baby I’m A Star” • Enamored with The Joker • Soundtrack album results
  • 55. ELEVENTH ALBUM • 1989 - Back to number #1 / Sells 4.4 million • Contains “Partyman,” and “Batdance”
  • 56. MANAGEMENT CHANGE • Albert Magnoli quits • Arnold Stiefel & Randy Phillips • Gets $8 million for Graffiti Bridge • Anna Garcia, Madonna & Kim Basinger • “Awful”
  • 57. CLIMATE CHANGE • 1989 - NWA releases “Straight Outta Compton”
  • 58. GRAFFITI BRIDGE • 1990 - Releases “Graffiti Bridge” • Sequel to Purple Rain • Tevin Campbell • Featured Ingrid Chavez • Featured The Time • Peaks at # 6 in the US and reach #1 in the UK • Sells 1.95 million in the US • 4.2 million worldwide • Considered a major flop
  • 59. SIDE PROJECT • 1990 – Starts to “produce” Tara Leigh Patrick aka Carmen Electra
  • 60. TRANSITION • 1991 - Forms new band New Power Generation
  • 61. DIAMONDS & PEARLS • 1991 - Sells 6.3 million worldwide • Organizes Tour
  • 62. SIDE NOTE • Involved with 4 women simultaneously
  • 63. CONTRACT YEAR • 1992 – Gets new contract worth 100 million dollars • Quota put in place
  • 64. DRAMA • Releases 5 more albums with Warner Bros (1992):Love Symbol, (1993): Greatest Hits, • (1994): Come, (1995): The Gold Experience, and (1996): Chaos And Disorder • Becomes irate • Wants out of contract
  • 65. EMANCIPATION • 1993 - Changes name • Released - Carmen Electra’s project (1 million lost) • 1994 - Releases “The Most Beautiful Girl In The World” under new moniker with STAX records • Publicity campaign • Launched on CBS-TV's Miss America Pageant • First UK #1 hit
  • 66. PULLING THE PLUG • 1994 – Paisley Park Records folds • Mo Ostin steps down as chairman of Warner Bros.
  • 67. MANAGEMENT CHANGE • Arnold Stiefel & Randy Phillips out • Gilbert Davison in • ?
  • 68. MANAGEMENT CHANGE • 1995 - Gilbert Davison quits
  • 69. EMANCIPATION • 1996 – Financial problems • Gets married on Valentines Day • Lays off band • Hospitalized
  • 70. EMANCIPATION…FREE AT LAST! • 1996 – Releases Emancipation
  • 71. EMANCIPATION • 1997 – Releases “Crystal Ball” • 5 CD set • 84,000 pre-orders • Most unfulfilled
  • 72. EMANCIPATION • 1998 - Mayte miscarries • They divorce in 1999
  • 73. FAN BASE? • 1998 Internet growth • Sues fan websites out of business • Uptown Magazine
  • 74. MAINTENANCE LESSON • 1999 meets Clive Davis • Signs with Arista/BMG to promote and distribute new project (P&D deal). • Receives 11 million dollar advance • Releases “Rave In2 The Joy Fantastic” • Lead single “Greatest Romance Ever Sold” • Organizes tour
  • 75. EMANCIPATION • 2000 – Changes name back to Prince
  • 76. EMANCIPATION …but still uses
  • 77. EMANCIPATION • “Rave” only sales 500,000 units • 2000 – Dissolves agreement with Arista • Prince says to Clive Davis, “I thought you’d be different.”
  • 78. MARRIAGE NUMBER II • 2001 – Marries Manuela Testolini
  • 79. EMANCIPATION • 2001 - Starts the NPG Music Club • Membership came in two options: $7.75 for basic monthly access or $100 per year.
  • 80. EMANCIPATION • 2001 – Releases “Rainbow Children” • Sells 130,000 units
  • 81. EMANCIPATION • 2002 – Releases “One Night Alone”
  • 82. MAINTENANCE LESSON • 2004 - Prince's releases “Musicology” simultaneously with tour • Best-selling album in years • Moves more than 632,000 copies in five weeks • Attributed to “bundling.” • SoundScan forbids it
  • 83. MAINTENANCE LESSON • 2005 – Signs distribution deal with Universal
  • 84. MAINTENANCE LESSON • 2006 – NPG Music Club closes down
  • 85. MAINTENANCE LESSON …so does second marriage
  • 86. MAINTENANCE LESSON • 2007 - Performs at half-time of Super Bowl
  • 87. MAINTENANCE LESSON • 2007 – Launches fragrance line
  • 88. MAINTENANCE LESSON • 2007 - Prince launches his new Planet Earth album as a free giveaway with a national Sunday newspaper in London (loss leader) • Sony/BMG was irate.
  • 89. MAINTENANCE LESSON • 2008 - Performs at Coachella
  • 90. MAINTENANCE LESSON • 2009 - Releases 3 album set called LotusFlow3r exclusively through Target, a chain based in Prince's home base of Minneapolis, Minnesota for $11.98.
  • 91. MAINTENANCE LESSON • Launches LotusFlow3r, a subscription • Gives access (for a fee) to just about every Prince concert since 1984 ever recorded, plus music videos. • Costs $77 per year
  • 92. MAINTENANCE LESSON • Fashion line?
  • 93. MAINTENANCE LESSON • Visual Evolution
  • 95. The Internet Is Dead! • Pronounces the “Internet is dead,” refuses to use any digital platforms to distribute his music • Honored with BET Lifetime Achievement Award • Releases Twenty10 – His 27th Album
  • 96. Welcome To America 2011 21 Night Stand • 85% of tickets made available for $25 - including service fees.
  • 97. LESSONS LEARNED - INTANGIBLES • Extraordinary talent • Vision • Identity • Belief • Branding • Confidence • Drive & Determination • Sacrifice • Persistence & Resilience
  • 98. LESSONS LEARNED - TANGIBLES • Community • Ally Support • Game-plan • Financing • Vehicle (s)
  • 99. CONCLUSION • Lessons taught, and lessons learned are not the same thing…
  • 100. STILL GOING The Time (2009) Morris Day (lead vocals); Jesse Johnson (guitar & vocals); Jimmy Jam (keyboards & vocals); Jellybean Johnson (drums & percussion); Terry Lewis (bass & vocals; and Monte Moir (keyboards & vocals)
  • 101. STILL GOING Wendy & Lisa (2009) • Music Scoring/TV & Film • Nurse Jackie • Heroes • Soul Food • Something New • Toys • Dangerous Minds