Yahoo news reports:
Octomom
“Octuplet mother Nadya Suleman has signed agreements for each of her 14 children to earn $250 a day to star in a reality television show.
The contracts filed Friday in Los Angeles Superior Court guarantee the children will collectively earn about $250,000 over three years. The contracts require a judge’s approval.
European production company Eyeworks has inked the deal with Suleman. Eyeworks lists “Breaking Bonaduce” and “The Biggest Loser” among its television credits.
The show is slated to begin filming Sept. 1, according to the documents.
The payments outlined in the contracts say Suleman’s kids will collectively earn $125,000 for 36 days of shooting in the first year of production, $75,000 for 21 days in the second year and $50,000 for 14 days in the third year. Any extra shooting days will be compensated at the same rate.
The contract also states that 15 percent of the gross compensation will be deposited by Eyeworks into a “Coogan Trust Account,” as required by California law. The monies can’t be touched until the children turn 18 or become legally emancipated.”
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Thirty Seconds to Mars
Virgin records, also known as EMI Records, put a lawsuit on Jared Leto’s band 30 Seconds to Mars for $30 Million!
Why?! Apparently, one rumor was that the band did not put out enough records as fast as Virgin wanted them produced. The other rumor which is the TRUTH, is that the band signed a 9 year contract with Virgin, which happens to be illegal because California law states you can only sign a contract for 7 years, not 9 years. These long contracts are normal with the majority of hot artists’ record deals. Well, in the last year, the band was trying to terminate their contract with Virgin for a few legit reasons. First, 9 years should have been 7 years. Second, The band has not received a single penny for selling 2 million records. Third, the band is somehow in $1.4 Million of debt for unknown reasons, which is owed to Virgin. The band is wondering if their next record will rake in enough money to pay off their unknown million dollars of debt?? Will Virgin take the money again?
This battle between 30 Secs to Mars and Virgin has been boiling for the last year. Within this time, the band has been working on a new record even featuring artist Kanye West. The band is really excited and said they have been “putting our hearts, hopes, and dreams into making a record that means absolutely everything to us.”
With all that the band has been through with Virgin Records along the way to their success, fame and notoriety, the band and Virgin Recs decided to call a truce rather than proceeding with the $30 Million lawsuit. They dished out their differences and 30 Seconds to Mars decided that they will renegotiate their contract with Virgin and resign.
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