Does LaFace Records still exist?

In 2004, the label was rebooted, and it began operating through Jive Records until both were absorbed into RCA Records in 2011. Today, the label’s back catalog and reissues are managed by Legacy Recordings.

Did TLC Sue LaFace Records?

The group was famously unhappy with their deal, which led to TLC suing LaFace Records and Pebbitone in 1994, claiming that they were only paid $50,000 each between 1993 and 1994 despite having sold 11 million copies of their album, CrazySexyCool.

How bad was TLC’s contract?

TLC / TONI BRAXTON: We’re lumping these artists together because they fell prey to the same label at roughly the same moment in time: both TLC and Braxton signed notoriously bad contracts with Arista’s LaFace Records, both were delayed royalty payments, and both filed for Bankruptcy, despite having grossed millions.

What is a bad record deal?

Basically, that means they never managed to pay back the loan they owe the label. The artist still gets to keep their advance, but—in the event that they’ve signed a multi-album deal—the remainder of their unrecouped balance carries over to their next record.

Who is the owner of LaFace Records?

Sony Music Entertainment
Zomba Group of Companies
LaFace Records/Parent organizations

Who is Lisa Alexander LaFace?

Lisa Catherine Alexander is a fashion designer and the founder and chief executive officer of LAFACE Skincare, a vegan skincare line based in San Francisco, California, United States. She is the wife of Robert Larkins, a former employee of Raymond James, a financial firm is based in San Francisco.

Did TLC go broke?

According to the members of TLC, as their success mounted, so did their debt. However, despite their unmistakable presence in the R&B history books, T-Boz, Chilli & Left Eye all ended up filing for Chapter 11 bankruptcy on July 3, 1995, declaring debts of a whopping $3.5 million.

Did TLC break up?

At the 38th Annual Grammy Awards, TLC took home Best R&B Album and Best R&B Performance by a Duo or Group for “Creep”. Billboard also crowned TLC as the Artist of the Year at the 1996 Billboard Music Awards. Amidst their apparent success, the members of TLC filed for Chapter 11 bankruptcy on July 3, 1995.

How much do record deals pay?

Large labels pay about $0.50 to $0.55 per CD on orders of 100,000 or more. Labels that buy less than 10,000 CDs per year pay approximately $1.20 per CD. Record labels pay two royalties: one to artists, and another to composers & publishers. Artists can receive 10% – 15% of suggested album retail minus packaging costs.

Who are the current owners of LaFace Records?

It was originally distributed by its co-creator Arista Records from 1989 through 2001; after which it was shuttered and absorbed into Arista. In 2004, the label was rebooted, and it began operating through Jive Records until both were absorbed into RCA Records in 2011. Today, the label’s back catalog and reissues are managed by Legacy Recordings .

When did LaFace Records merge with RCA Records?

In September 2011, Sony Music absorbed LaFace, Arista, Jive and J Records with RCA, bringing all of its artists to the RCA Records family. For unofficial and counterfeit releases please use LaFace Records (2) .

When did TLC release their first LaFace album?

LaFace Records’ most prominant release to date was the 1994 TLC album “CrazySexyCool” which was the highest selling album by any all-female group. In September 2011, Sony Music absorbed LaFace, Arista, Jive and J Records with RCA, bringing all of its artists to the RCA Records family.

What was the highest selling LaFace Records album?

This seemingly marked the end of LaFace, but it seems LaFace is reborn as one quarter of the newly rearranged Zomba Label Group alongside So So Def, Verity and Jive . LaFace Records’ most prominant release to date was the 1994 TLC album “CrazySexyCool” which was the highest selling album by any all-female group.