Wednesday, August 13, 2014

Miranda And KC Selling Things To Pay PSR And Bills?

We all have been hearing about that "Bankruptcy" category at PSR for a while right. While we do know that pretty much no one, besides maybe Cymphonique, is close to NiNi's rich level, we assumed that at least they were good and their pockets were right enough to at least live on. Almost all of the PSR artists are said to be in that category, But two artists who are constantly put in the Bankrupt category is Miranda Cosgrove and KC. We all remember when Miranda's BMW truck was Repo'd from the PSR parking lot right? she was unable to pay the money and they took it away. That should've been our first clue, but since the car was back in the lot the next day we just assumed that she just didn't have the money on  her at the moment (after all no one carries around a shitload of cash in their pocket) and we let it go. But she is still in the broke category and now she is said to be selling her things on EBay and even Craigslist to afford even the smallest things. Sources say she has multiple ads listed on those sites and is selling over $102 million dollars worth of her things. She is said to be broke due to her time on 'Icarly" as she is said to owe the network Nickelodeon over $1 billion dollars for unpaid royalties. Another person in that category is KC who is also said to be listing her items for sale, including her clothes, her jewelry, her huge TV, her clothes line and even her car. KC recently divorced from her husband and she did the one thing that millions of women regret doing, and that's signed a pre-nup, which means she gets nothing after the divorce and whatever is his, she can't keep. Sources say she also has to pay him over $800,000 dollars a month for spousal support (That's why NEVER EVER get married in California, that's why most women want to marry in Cali, Cali is the best when it comes to getting you money) She is said to be struggling hard. But many people question why isn't NiNi paying them and they are really big, but they're broke. Well guys it's really not NiNi's fault. She has the right to help them financially if she wants, but that would be a personal loan not business, she doesn't have to help anyone. Business wise though, a celebrity is not automatically rich when they sign, sometimes it takes over 10 years for a artist to see his or her first paycheck, yes big or not. Not only that, when someone signs with PSR, they don't get paid until they pay back the label. Pay Attention:  NiNi gives her new artists an advance (lets say $76 million) that money is for tour expenses, to make your album, mastering, mixing, studio time, marketing, promotion, album artwork and distribution, as well as pay your managers, your crew and your make up people. That is NOT their money at all, if they spend it on personal stuff they can be sued by NiNI. After they make their first album, and if it does well, NiNi has to get her 76 million back first, then whatever is left is your paycheck, if its only a dollar that's your check. Get it? So you have to do alot before you can actually start seeing your own money, because the first 2 or 3 years is the label's money. Well KC is said to still not have paid back the full amount of her advance which is over 99 million, so therefore, until NiNi gets her money back she isn't obligated to pay her, unless she does it as a friend. Miranda, same thing, so stop getting on NiNi and know how the music industry works OK. But still,  some sources say that all of this is untrue, and that they both are living right with everything. What do you guys think?
Miranda

KC

2 comments:

johnny1 said...

dem broads aint broke gtfoh

johnny1 said...

That's sad u sell millions of records ur name is all over the place and ur still broke smh