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.
