ICM Partners Drops Celine Dion As Client For Not Paying Commission

[scielle]

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Guess that’s why she sold the golf course...

[yoyoma]

Which i mean is good for the fans, because now she needs to make more money. Whilst no concert revenue at the minute, the way to funnel money is through social media, more appearances, new music etc

[Shamrock_1982]

So is it possible that she will take a few years off or maybe there is even the slight possibility of her retiring in 2026 if this statement is correct... hmmm

 

Imagine worst, worst case scenario, 5 and a half years left of Celine performing.

 

Def have to catch the next Vegas residency though, guess now maybe 2022-2026 just in case. Lol

Edited November 18, 2020 at 10:19 PM by Shamrock_1982

[scielle]

Also in Variety -

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[Xpresso]

I doubt that's why she sold the golf course. She has to pay commission on the 2019 performances, yes, but she made a ton of money with the tour. Even if she has to pay an extra 6%, it's not so bad. And she can deduct that amount as expenses against her income.

[Peppercorn1991]

I doubt that's why she sold the golf course. She has to pay commission on the 2019 performances, yes, but she made a ton of money with the tour. Even if she has to pay an extra 6%, it's not so bad. And she can deduct that amount as expenses against her income.

 

Exactly,, we all have small percentages out of our income... mine is a student loan... it’s nothing

 

Kev x

[Peppercorn1991]

So is it possible that she will take a few years off or maybe there is even the slight possibility of her retiring in 2026 if this statement is correct... hmmm

 

Imagine worst, worst case scenario, 5 and a half years left of Celine performing.

 

Def have to catch the next Vegas residency though, guess now maybe 2022-2026 just in case. Lol

 

Contracts do end Yano... the same way they always have! I have no concerns she will stop performing. None.

 

Kev x

[Céline RO]

So is it possible that she will take a few years off or maybe there is even the slight possibility of her retiring in 2026 if this statement is correct... hmmm

 

Imagine worst, worst case scenario, 5 and a half years left of Celine performing.

 

Def have to catch the next Vegas residency though, guess now maybe 2022-2026 just in case. Lol

 

She’s definitely not retiring in 2026. It just happens to be the date that the deal ends. She’ll probably sign a new deal with someone else.

[Céline RO]

Which i mean is good for the fans, because now she needs to make more money. Whilst no concert revenue at the minute, the way to funnel money is through social media, more appearances, new music etc

 

[DionFanAlways]

She’s definitely not retiring in 2026. It just happens to be the date that the deal ends. She’ll probably sign a new deal with someone else.

She'll be pushing 60, she can easily hang it up. This covid break shows me she can slip off into the sunset without batting an eye.

Yes, I know that she loves to perform but maybe she really wants to take it easy.

[DionFanAlways]

"The ruling states that ICM Partners is due 1.5% of the gross compensation earned or received from all Las Vegas residency performances, 3% of all touring performances and 1.5% from performances in her home province of Quebec. It also includes interest calculated at 10% per annum."

From Deadline article, 11/18/20

 

For those in the know, are these numbers standard for the business?

[manu23]

Celine is not going to retire as long as she is healthy and can perform. And for sure not because of this commission thing. She will slow down the older she gets, but she will keep releasing albums and doing shows for many years to come.

[Davey84]

Which i mean is good for the fans, because now she needs to make more money. Whilst no concert revenue at the minute, the way to funnel money is through social media, more appearances, new music etc

 

they can easily make more money by releasing the live shows from 2016 and 2017!

 

And music cassettes for EUS and Courage, and LP's for ATW, ANDHC, OH, TC etc etc ....

 

 

 

BTW I wonder, who would have been responsible for this deal with ICM Partners? Would it have been René? Or was it Aldo? It sounds to me like it was a bad deal and I wonder what ICM Partners actually did for her, besides cashing in?

[scielle]

Which i mean is good for the fans, because now she needs to make more money. Whilst no concert revenue at the minute, the way to funnel money is through social media, more appearances, new music etc

 

Honestly, selfish as it is, that was one of my first thoughts, too.

 

As an example - the sole reason Leonard Cohen had to go back to touring late into his life is because he got swindled by his manager and had to go back out on the road out of financial necessity. And those were some of the greatest live shows I've ever seen (and with stellar reviews across the board).

 

Let's hope it doesn't come to that - that she doesn't have to do this out of necessity but rather because she still loves it - but it sure does bode well for fans.

[scielle]

I doubt that's why she sold the golf course. She has to pay commission on the 2019 performances, yes, but she made a ton of money with the tour. Even if she has to pay an extra 6%, it's not so bad. And she can deduct that amount as expenses against her income.

Exactly,, we all have small percentages out of our income... mine is a student loan... it's nothing

 

Kev

 

Well, if we're going with that example... 6% of $500m is $30m. It's not "nothing".

 

And she ultimately only got, what was it, $25m for her massive Florida property? After pouring a multiple of that into it?

I totally wouldn't be surprised if she sold Le Mirage out of necessity.

[joaofilho]

I think that this agreement was made in the management of Aldo and looking at this whole situation, could it be that this was not one of the reasons for Aldo's resignation?

[Xpresso]

Well, if we're going with that example... 6% of $500m is $30m. It's not "nothing".

 

And she ultimately only got, what was it, $25m for her massive Florida property? After pouring a multiple of that into it?

I totally wouldn't be surprised if she sold Le Mirage out of necessity.

Sure $30M is a lot of money but out of the $500M, what did she get? At least $200M I would guess... I'm not worried about her finances.

[Céline RO]

1605783819[/url]' post='2394047']

She'll be pushing 60, she can easily hang it up. This covid break shows me she can slip off into the sunset without batting an eye.

Yes, I know that she loves to perform but maybe she really wants to take it easy.

 

60 really isn’t that much at all, especially nowadays. More and more singers are continuing with their active schedules well into their 70s and beyond and their shows are better than ever. Yes, Céline isn’t doing much currently (at least not that we know of) but that’s because she isn’t allowed to. I’m obviously talking about performing. Keep in mind that Céline isn’t necessarily an all-round artist who will do anything music related and get creative for her fans. She’s mainly a performer, that’s her thing. We shouldn’t expect her to do what all these other artists are doing because it’s not her. She’s a performer. She gives it her all on stage and performs tirelessly, more so than all those other artists. So when she’s not allowed to perform, it shouldn’t really come as a surprise that she disappears for a while. I’m sure she’ll keep performing for as long as she can.

Edited November 19, 2020 at 03:28 PM by Céline RO

[Céline RO]

1605794234[/url]' post='2394052']

Honestly, selfish as it is, that was one of my first thoughts, too.

 

As an example - the sole reason Leonard Cohen had to go back to touring late into his life is because he got swindled by his manager and had to go back out on the road out of financial necessity. And those were some of the greatest live shows I've ever seen (and with stellar reviews across the board).

 

Let's hope it doesn't come to that - that she doesn't have to do this out of necessity but rather because she still loves it - but it sure does bode well for fans.

 

If only that would happen to Tina Turner

Joking, of course.

Edited November 19, 2020 at 03:39 PM by Céline RO

[pat200]

So she will be coughing up around 25 to 30 million? Wonder how many dresses and shoes this will set her back lol

[Shamrock_1982]

Maybe now she will get herself a manager lol.

[Chantemoi]

 

 

If only that would happen to Tina Turner

Joking, of course.

 

I’m still kicking myself for missing her farewell tour in 2007 or 2008... I thought, “Suuuure. ‘Farewell’ - we know what that means” *cough cough Cher*

 

Turns out Tina was actually serious about retiring. Which is good for her, but no bueño for the fans.

[CSCfan]

BTW I wonder, who would have been responsible for this deal with ICM Partners? Would it have been René? Or was it Aldo? It sounds to me like it was a bad deal and I wonder what ICM Partners actually did for her, besides cashing in?

 

Of course we don't know the details, but I have a feeling the fault lies more with Céline's team than ICM.

 

Rob Prinz has been her agent for over 30 years (remember his emotional speech on René's tribute at the Colosseum?). He joined ICM in 2015 and Céline went with him (she didn't have to). Then a big $ 500 million touring deal was signed in 2017 (for an extension of her Vegas residency + global touring until 2026).

 

Then ICM drops Céline in February 2019 for not paying commission. (A mere few days after an article appeared (with interview with AEG's John Nelson & John Meglen) that AEG is not only her promoter again, but also repping her for her upcoming world tour.) But according to Céline's team, they left ICM on May 7th, 2018. Something didn't go right there. Also in the press release Céline's team gave out Céline said: "has made several very fair and generous offers to them". So it's my understanding her team wanted to get out of the contract and made some offers. But apparently ICM just didn't accept them and wanted Céline to honor the deal. Céline's team argument of "we don't need their/his services anymore, so why do we need to pay" is amateurish IMO. A deal is a deal, if you want to get out of it, be prepared to cash big time or honor it. There have really been some weird decisions and actions after Aldo (and of course the mystery around his deperature)....

 

Like I said, we don't know the specifics, but it's all very vague..

Edited November 19, 2020 at 06:17 PM by CSCfan

[ryba]

This is what she should talk about next time when she appears on talkshows, not Loreal (nor her new music, but she wouldn't talk about that anyway ) Edited November 19, 2020 at 06:49 PM by ryba

[joaofilho]

Making a long-term contract until 2026 is very dangerous, even if in that contract there is a penalty payment clause in case of termination.

I do not know the terms of the contract, but his team was not careful when signing such a contract, I remember that in 2016 the partnership between them was announced and that was in Aldo's management.

Everything revolves around money, these entrepreneurs are not fools, luckily Rene made good choices when he was alive, protecting Celine and her interests.

I hope everything goes well, Celine will pay for this soon, I'm sure she will earn a lot more money doing shows.

[ryba]

Maybe she will sue Aldo and Aldo will be charged for it

[PuraVida]

Time to start selling shoes again on the streets of Las Vegas!

[Shaun]

Of course it's very easy to say now but I can't help get the feeling that this wouldn't have happened under Rene's management.

 

You can't just sign deals then back out whenever it pleases you. Don't sign the deal in the first place if you're not happy with it.

 

Remember when Celine didn't want to do "A New Day..."? Rene explained to her that too much money was involved, too many people were involved and, although he understood and he was sorry, the show must go on.

[ryba]

Of course it's very easy to say now but I can't help get the feeling that this wouldn't have happened under Rene's management.

 

You can't just sign deals then back out whenever it pleases you. Don't sign the deal in the first place if you're not happy with it.

 

Remember when Celine didn't want to do "A New Day..."? Rene explained to her that too much money was involved, too many people were involved and, although he understood and he was sorry, the show must go on.

I think that this time she wanted to do shows, but realized that the deal was not profitable enough for her or had some catches, but it was too late when she noticed it and thus she wanted to withdraw from the contract

[todos]

She is now learning a new lesson. That will make her a better manager for herself.