Drake’s Record Deal Looks Like A Good Set Up
July 24th, 2009 | Chozen | 4 comments |
Under the unusually lucrative agreement he struck with Aspire/Young Money/Cash Money Records distributed through Universal, Drake received a $2-million advance. He retains the publishing rights to his songs and cedes only around 25% of his music sales revenues to the label as a “distribution fee,” his managers said. By contrast, the overwhelming majority of new artists sign financially restrictive “360 deals” that sap their touring and merchandise income and offer much more restrictive profit-sharing.
Full Story: LA Times
Props to the boy Drizzy, cats don’t get deals like this anymore….
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Comment by GlamourGirl! All day on 24 July 2009:
Well, it’s a good look then! Right…
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Comment by Classic on 25 July 2009:
2 million in advance!
The pressure is on! First music video was garbage but the music is dope!
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hiphoptruth Reply:
July 25th, 2009 at 11:24 pm
Right on, 2 mil is good. He put out great music n that video was GREAT (Breast I never had, Big boobs everywhere bouncing up n down). I can’t say that was garbage. Has nothing to do wit the song but the women where hot but thats just my opinion
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Comment by Mike1990 on 26 July 2009:
The first video i think reflected what kind of person drake is n 2 mill dam cant hate somthin i dont have hopfull drake and waynes can battle eachother for the top spot to give us the greatest music we havent had in a while!!!!
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