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The interesting thing about the deal was that Prince had been having problems with WB prior to signing the deal. In 1992 Prince signed a $100million deal with Warner Brothers. Here are some of the biggest deals in music history: Prince (US$100million 1992) Over the years there have been various Mega Deals with some of the industry’s most significant artists. Although the recording companies throw millions of US$ at these artists, it doesn’t always necessarily ensure ultimate success. These deals are fascinating and usually involve millions of US$. At this stage in the music universe something known as the Mega Deal is born.Ī Mega Deal is a rare occurrence in the music universe, and occurs when an artist’s recording contract terminates and their recording success has been stratospheric, therefore making the artist a free agent and ripe for the picking, to the highest bidder. The tables are, however, turned once: those deals terminate, the artist has had a good run in their first recording term and it’s time to renegotiate their recording contracts. It is therefore well known that artists generally do not benefit immensely from content released in the first term of their recording deals. Record companies are notorious for giving new artists deals in which the artist is disadvantaged and that is understandable: at the end of the day the artist is taking no risk whilst the company is taking bulk of the financial risk.

To thank these artists record companies try to sweeten the deal, to keep their talent happy and prevent them from leaving to search for greener pastures.

These artists are so big and so powerful that they dominate every platform on which they appear and not only do they do very well in the music industry, the are streaks ahead of anyone else. Each era has one of these stand out superstars: Elvis Presley, The Beatles, Elton John, Stevie Wonder, Michael Jackson, Madonna, David Bowie, The Rolling Stones, U2, Coldplay, Lady Gaga, Prince, Eminem, Mariah Carey, Celine Dion, Barbra Streisand, Garth Brooks, Dolly Parton, Bob Dylan, Taylor Swift and Adele (to name only a few). These artists are mavericks and innovators and are so far ahead of their peers that it is undeniable that their impact will be felt for generations. Every now and then the world is confronted by a star that changes the way things are done in the world of music.