Jay Z isn’t the only manager in the Carter household. Beyoncé has signed three teens to her management company, Parkwood Entertainment.
There has yet to be a formal announcement of the signings, but the news was discovered via court docs.
Reports the New York Post:
The superstar is asking a Manhattan judge to approve the five-year deals, a requirement because the girls are minors, The Post’s Julia Marsh reports.
The first contract covers LA-based sisters Chloe Bailey, 17, and Halle Bailey, 15. Beyoncé’s manager came across a YouTube video of the duo belting out “Pretty Hurts,” a song from Beyoncé’s last album. The video has over 10 million views.
Their father, Douglas, gushes in court papers, “We cannot think of a better person to help guide the girls,” adding his daughters “worship” Bey. Their $1 million contract provides for up to six albums over five years. It awards Beyoncé 15 percent of the sisters’ gross earnings.
Beyoncé also signed a third singer, 14-year-old Sophie Beem of New York, to her Parkwood Entertainment company.
Beem inked a $560,000 deal after she wowed Parkwood executives. Beem finished in the top 40 contestants on “The X Factor” in 2012.
Beyoncé the record exec? Why not?
Check out Chloe & Halle’s cover of Bey’s “Pretty Hurts” (which has 8M views to date) below.