» Prince slapped with lawsuit over shady tome deal
Prince slapped with lawsuit over shady tome deal
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Washington, Apr 23 (ANI): U.S. literary agents have filed a
lawsuit against Prince over allegations that the singer cut them
out of a publishing deal they negotiated for him.
According to reports, the singer had agreed to be represented by
the unnamed agency to secure distribution for a book documenting
his 21-date residency at London's O2 Arena in 2007.
The lawsuit, filed in Los Angeles County Superior Court on April
21, said that Prince chose the company as his "exclusive agent with
respect to the negotiations of a publishing deal" for the tome,
However, Prince has now been accused of cutting off all contact
with the agency during the final stages of the talks, and sealing
the deal behind their backs.
Reports by TMZ.com have revealed that the literary agents are
seeking compensation for the 15 per cent commission they were due
for setting up the deal, estimated at 200,000 dollars. (ANI)