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The official blog for singer, writer, director and human rights advocate Aisha and her affiliated web sites.
New Financial Woes
T-Boz
T-Boz, real name Tionne Watkins, of the best selling girl band in music history, TLC, has filed for bankruptcy again. The first time Watkins filed for bankruptcy, utilizing Chapter 11, was in 1995 with her fellow band members in TLC. This time she is filing for herself.
T-Boz
After TLC’s alleged $20,000,000 settlement with their label LaFace Records in 1996, the band split the money three ways, paid taxes on it and regrouped, leading people to believe the group’s finances were in order. However, Watkins took on significant debt at a time the group was still doing well, before one of its members, Lisa Lopes died and the trio disbanded.
T-Boz
As the Judiciary Report reported months ago, one of Watkins’ Atlanta homes was in foreclosure. A second home, a well decorated property she lives in, which is located in the Sugarloaf Country Club, is for sale as well, due to financial troubles.
TLC's Chilli and T-Boz
However, the house has not sold after being on the market for over a year. Then again, most homes in America are not selling, due to the foreclosure crisis, but that’s another story. This has saddled Watkins with a large mortgage, which based on what she states she currently owes on the property, her monthly payment is between $7,000 to $10,000, in addition to real estate taxes, country club dues and upkeep fees.
TLC
Watkins, who was married to rapper Mack-10, previously stated, he took out mortgages in her name and one was for the property that slipped into foreclosure. It is also being reported, he owes her $250,000 in child support. He has not been doing much work in the entertainment industry, to repay said figure. Watkins left the marriage due to domestic violence.
TLC
Watkins also has another problem. Due to sickle cell anemia and a brain tumor that was removed by a top surgeon, she has paid a lot of money in medical bills. I did wonder how she could get medical insurance in the current system, with all of the preexisting, significant health problems she has battled over the years. It can’t be easy. She must have paid many of the bills herself or a very high insurance premium.
TLC
Further proof that TLC's late member, Lisa "Left Eye" Lopes, was not of sound mind, arrived this week, courtesy of bandmate, Tionne "T-Boz" Watkins stating they unadvisedly held their label boss, Clive Davis of Arista Records, at gunpoint, due to the low royalties they received.
She stated Arista made $75 million dollars off their "Crazy, Sexy Cool" album, but only paid the three band members $50,000 each.
I agree that Arista, who had a subsidiary deal with LaFace Records and a production contract with Pebbitone, could have given them more.
Tionne Watkins
Arista made more than enough money that they could have spread the wealth, buy major labels are usually greedy and crooked, refusing to do so.
Clive Davis
TLC was later given a multi-million dollar settlement by LaFace Records. Pebbitone should have bypassed Laface and done a direct subsidiary deal with a major label, having done the work in putting TLC together in the first place. But you live and learn.
T-Boz on Monique Show: TLC's Crazy, Sexy Cool made $75 million, Arista records gave us $50,000 each
October 22, 2:11 PM - T-Boz -- real name Tionne Tenese Watkins -- one of the well-known members of the group TLC on The Mo'Nique Show, saying that when their highly successfully Crazy, Sexy, Cool album generated $75 million for Arista Records, Arista only gave the girls $50,000 a piece.
So, the late member Lisa "Left Eye" Lopes decided the group should hold Arista hostage with loaded guns till they got their money.
T-Boz said they interrupted a meeting that Sean "P Diddy" or "Puff Daddy" Combs was having at the time, because LA Reid told them that Clive Davis was the one who had their money.
Alas, T-Boz tells Mo'Nique that Arista did return some funds to them, but then recouped it somehow -- and that the whole incident became a learning lesson for the young trio.
"I wouldn't say do what we did...thank God we didn't go to jail," T-Boz advised young women today getting into the music industry. "Educate yourself. Learn about the business you're getting into."