Posted: March 1, 2012 at 8:08 pm
Unfortunately the late Whitney Houston died in debt. Music industry blogger Wayne Rosso quoted a label executive who said the late singer’s estate probably won’t see any royalty checks from her record label “in our lifetime” — and maybe longer — thanks in part to the number of advances and loans she took from the $100 million deal she cut with Sony Music in 2001.
A spokeswoman for Sony-owned RCA Records, which was Houston’s label, declined to comment. Houston’s spokeswoman Jill Fritzo did not respond to a request for comment by deadline. There is also doubt that the estate can be properly managed because sources state Whitney did not have the right people in place to handle her money. Whitney Houston’s goddaughter admitted that bad press devastated the singer and she hated the bad publicity.