Lauryn Hill signs million dollar deal with Sony
Hip Hop icon Lauryn Hill seems to be returning to the mic after a long hiatus. The Grammy award winner has just inked a million dollar deal with Sony. Lauryn Hill who is currently having some tax issues, faces 30 months in prison but was given two weeks to pay off her tax debt of $504,000.
U.S. Magistrate Court Judge Madeline Cox Arleo is delaying Lauryn Hill’s sentencing for three misdemeanor counts of failing to pay taxes on $1.8 million of her income in 2005, 2006 and 2007.
According to Ms. Hill’s attorney, she will pay off her tax debt through a $650,000 loan she is securing against two of her properties.
Lauryn Hill has until May 3 to pay off her tax liability.
Also, U.S. Attorney Sandra Moser noted that Lauryn Hill had just inked a new deal with Sony that will pay her $1 million for recording five new songs and additional money for a new album.
In a recent tumblr post, Lauryn Hill sets the record straight as she speaks on her current situation saying: “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).”
Ms. Hill also in her post said: “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.”
Lauryn Hill’s full tumblr post can be read here: mslaurynhill.tumblr.com