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Monday, May 4

Beyoncé Signs New 3 Girls To Her Parkwood Entertainment Label For $1.5M..

Mother of one and a music veteran Beyonce has signs new 3 teens girls to her Parkwood Entertainment Label for the sum of $1.5M... She loved the young stars and wishes to sign them into her label after she found their music on YouTube...

via Page Six:

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...

Photos of the young stars below :

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