You know artist at times seem to have a special connection to the universe (I think it’s the whole muse thing or something…), so it seems at times when they makes certain statements, that it’s almost seems prophetic. Prince had no shortages of these moments.
When Prince was on the Jay Leno show once, he took a question and gave Jay his views on a record deal that was given to one of his peers, Mariah Carey. He interred that he felt like the labels should be in a 50/50 arrangement with artist. This would have been a cool arrangement if the artist were putting up 50% of the investment for manufacturing and promotions (which most artists couldn’t and wouldn’t do at the time...). The labels usually were the ones taking the fiduciary risk so they were the ones who were getting the long end of the stick (either when a project won or lost…). It seems that Prince found out about this reality in later years as he put out his own projects independently and came to the realization of the power of Warner Brothers promotions machine ( #RentToOwnFame…). Little did he know that years later a judge and technology would make his proposed idea a reality ( http://blogs.wsj.com/digits/2010/09/07/itunes-songs-arent-purchased-but-licensed-court-rules/ I bet your hotshot entertainment lawyer didn’t tell you that #lsmh, don’t worry most of them aren’t even aware of the ruling per se).
Check out the article at the above link, I’m sure you as an artist will find that to be interesting reading. Prince called it and so it was…