Beyonce is all about her business.
The superstar singer broke new ground when she produced her surprise visual album in-house at her Parkwood Entertainment company. Indeed, the 2013 set was handled almost entirely by the diva’s team, with longtime major label Columbia Records primarily serving as distributors.
Fast forward 18 months and Queen Bey is putting her Parkwood expansion plans into practice. For, she has just signed three new artists to lucrative new deals.
Page Six broke the news after it was revealed the songbird was making necessary legal moves to complete the deals.
Knowles-Carter is asking a Manhattan judge to approve the five-year contracts, a requirement because the girls are minors.
The 33-year-old’s first recruits are LA-based sisters Chloe Bailey, 17, and Halle Bailey, 15.
In 2013, the duo’s cover of Bey’s ‘Pretty Hurts’ went viral, after amassing 10 million views on YouTube. One of the many watching was Beyonce’s manager:
Endorsing the move in court documents, the sisters’ father wrote: “We cannot think of a better person to help guide the girls,” adding his daughters “worship” Bey. According to Page Six, their $1 million deal provides for up to six albums over five years. It awards Bey 15% of the sisters’ gross earnings.
The second act signed is Sophie Beem, based out of New York:
The 14-year-old inked a $560,000 deal after she wowed Parkwood execs. She placed within the top 40 contestants on ‘The X Factor USA’ in 2012.
A very interesting move.
As one of today’s top talents, it goes without saying that Bey has a wealth of knowledge and know-how to share with the stars of tomorrow. Hence, it’ll be intriguing to see how she moulds her new protégés, as well as how she presents them to the world.