Source: Trans Continental Records
Thanks to Backstreet.net reader Maria Sakhrani for sending this in.
Wednesday September 29, 1:09 pm Eastern Time
Company Press Release
Trans Continental Records Clarifies Its Role With Backstreet Boys And 'NSYNC
ORLANDO, Fla., Sept. 29 /PRNewswire/ -- Orlando-based Trans Continental
Records, founder, Louis J.
Pearlman, today announced that his company wishes to clarify its position
with regard to the Backstreet
Boys and 'NSYNC. The Backstreet Boys renegotiated their contracts with
Trans Continental Records
early this year. Terms of that agreement were not publicly disclosed
yet the company remains financially
involved with the Backstreet Boys and is gratified with the group's
continuing success.
``Backstreet Boys renegotiated their agreements with Trans Continental
Records, and we are pleased
with the terms,'' commented Pearlman. ``With regard to 'NSYNC, we remain
committed to the
fundamental principles of our agreements that state that 'NSYNC has
exclusive recording and other
obligations to Trans Continental and that 'NSYNC is first and foremost
a Trans Continental Records act
that is distributed in the U.S. by RCA, a label of BMG. We are a family.
A family not only of companies, but
also of people, many people worldwide who helped discover and nurture
the talents of these young men
within Trans Continental and its affiliated partners.''
Following several reports by broadcast news organizations, the relationships
between Trans Continental
Records, Pearlman, and the bands may have been mischaracterized.
``Trans Continental Records has made its name and reputation discovering
and giving opportunity to young
talent,'' said Pearlman.
Trans Continental Records, founded in 1992 in Orlando, Fla., by Pearlman,
has developed a reputation,
unique since the days of Motown, for discovering, developing, and nurturing
musical talent. With sales of
Trans Continental artists in excess of 65 million units in over 25
countries, Trans Continental Records
boasts several of the world's hottest and most influential pop acts,
including Backstreet Boys, 'NSYNC,
LFO, C Note, Take 5, and Innosense as well as the soon-to-be-released
Phoenix Stone. Recently, Trans
Continental has expanded its small, hand-picked roster to include the
hip-hop acts Trey D and Mista
Brizz. Currently, LFO is number one for the sixth week in a row on
the BILLBOARD single sales chart.
SOURCE: Trans Continental Records