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Whitney Houston owed millions of dollars when she died

  • March 2, 2012
  • Mikey

Whitney Houston is rumoured to be in the unusual position of owing millions of dollars to a major record label.

Speaking to The Daily, music industry 'insider' Wayne Rosso claims that Whitney signed a $100m deal with Sony for six albums back in 2001. Whitney drew down about $40m of this advance but after 2002’s 'Just Whitney' sold 3m worldwide, and 2009’s 'I Look To You' sold just 2.5m copies, the singer is alleged to still owe a con­sid­er­able amount to her label.

Since the singer's death, 'Whitney — The Greatest Hits', 'The Bodyguard Soundtrack' and 'Whitney Houston' have all returned to the Billbaord Top 10 but Russo warned it's still going to be a while before the debt dis­ap­pears.

"She owes Sony at least $20m," he explained, "she’s going to have to sell 5m more records before her family sees a dime."

  • Whitney Houston
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  • 1
    New Music Monday: Griff's Black Hole is super, and massive
  • 2
    New Music Friday: Let's kick off 2021 with some KLF
  • 3
    The Top 45 Singles Of 2020
  • 4
    New Music Friday: Mae Muller doesn't want to be dependent
  • 5
    New Music Friday: There's a big one from Royal & The Serpent
  • 6
    New Music Friday: Baby Queen takes the throne
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