Beyonce Makes a Big Business Move

entertainment

Beyonce Makes a Big Business Move

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Photo Credit: Facebook

Photo Credit: Facebook

By: Amanda Anderson-Niles

Jay Z isn’t the only one in the Carter household with big business ambitions. According to a new report, Beyonce is taking things to the next level with her company, Parkwood Entertainment.

Page Six writes:

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.

Check out Chloe and Halle below:

7 Comments

  1. Yeah I Said It!

    May 2, 2015 at 7:38 pm

    Awesome!!!!

  2. Jasmine

    May 2, 2015 at 7:39 pm

    Beyoncé is such a hustler. I love it.

  3. Hater

    May 2, 2015 at 7:46 pm

    She’s definitely about her paper.

  4. King Bey

    May 2, 2015 at 10:26 pm

    Kang!

  5. The Truth

    May 2, 2015 at 11:37 pm

    She’s setting herself for a sweet retirement. Very smart.

  6. Gabriella

    May 3, 2015 at 1:51 pm

    Aww my fave doing it big.

  7. Ms. Jackson

    May 3, 2015 at 7:03 pm

    She needs to pay off my student loans with her rich a-s.

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