It seems like Beyonce has been belting out powerhouse notes ever since she learned how to say her first word, but it wasn’t until later in her career that she officially became a multimillionaire singing sensation. With her help, three music-loving teens may not have to wait much longer before they tout the same title.
Parkwood Entertainment, the management company that Beyonce launched back in 2008, has offered three different contracts to three teenage girls that promise a huge payload and a one-of-a-kind mentorship.
Chloe and Halle Bailey are sisters, 17 and 15 respectively, from North Hollywood and they, much like Beyonce, grew up with a passion for music.
According to contracts filed in Manhattan Supreme Court, the siblings are guaranteed $60,000 if Parkwood chooses to distribute their music in addition to vast collection of advances that could add up to roughly $1 million if the pair manages to put out six albums, the New York Daily News reports.
This marks the beginning of an exciting new chapter for the girls although they have certainly been paving their own path in the entertainment industry even before they struck the deal with Beyonce’s company.
Singer-songwriter Sophie Beem of New York (center) with Chloe (left) and Halle Bailey in an Instagram photo posted August 14, 2014.
The sisters have been seen in movies like “Meet the Browns,” “Last Holiday” and “Let It Shine.”
They have also written hundreds of original songs.
In addition to getting to work with some of the best executives in the industry, the girls will also get to work with the Queen Bey herself, according to the contracts.
The documents state that Beyonce will “personally, be actively involved in managing” their careers.
For some, the girls are already familiar faces as they have also become extremely popular YouTube sensations.
Their own cover of Beyonce’s “Pretty Hurts” has earned more than 8 million views on YouTube.
The third teen to be added to the Parkwood Entertainment team is 16-year-old Sophie Beem from New York’s Upper East Side.
Executives are clearly taking a different direction with Sophie’s music and actually won’t be putting her in a recording studio right away.
“Parkwood Music believes that Sophie’s music will be best showcased with a band,” court documents state.
