Prince's concert fortune

May 23, 2007, 11:40 GMT

Prince will reportedly earn $3 million for a brief residency at a Los Angeles hotel.

The musician has signed a deal to appear at Hollywood Roosevelt hotel's Blossom Room for seven consecutive Fridays from June 15.

A source told the New York Post newspaper: "He is getting paid $3 million for the concerts - $1.5 million is coming from a clothing company, cell phone company Verizon Wireless is chalking up $750,000, and the rest is covered by the hotel. Prince will also get comped rooms, food and beverages."

A representative for Prince is yet to comment on whether the 'Purple Rain' singer has agreed to perform at the nightspot.

Meanwhile, Prince will reportedly sleep in a tent during his upcoming London tour.

The diminutive singer has requested a luxurious camping area to be built inside London concert venue The 02 arena.

A source told Britain's The Sun newspaper: "Prince wanted to stay very close to his concert venues so he thought a marquee-style living space would be perfect and very comfortable. It really will be the most extravagant tent that has ever been built.

"It will have luxury bathrooms, kitchens and huge living areas as well as living facilities for staff."

Prince's first seven London concerts at The 02 sold out in just 20 minutes last week.

He will kick-off his 21-date extravaganza on August 1, and it will reportedly be the last time Prince will ever perform his greatest hits.

(C) BANG Media International