Tuesday, July 30, 2013

Toni Braxton Loses The Copyrights To Her Songs

"Another Sad Love Song" Indeed

Toni Braxton

Singer Toni Braxton's second bankruptcy is proving more damaging than the first a decade ago. She had an agreement with the bankruptcy court that she could buy back the copyrights to her songs for a minimum of $20,000 but she must participate in the bidding process.

However, Braxton received an unexpected blow when a man named Ross M. Klein outbid her, paying $40,000 for 27 of her songs, which was a steal. Braxton reportedly earned $700,000 since filing bankruptcy. She should have used some of it to retain the rights to her music.