If I'm a artist and a label exec hands me a contract during a meeting, I'm stopping everything to read the whole thing, front to back.
If anything, just to see what the reaction would be.
Like imagine they slide the contract towards you, and then they got their hand out like this waiting for you to take the pen and sign it
But you're like this going "nah not until I've finished reading this whole thing"
But damn that deal wild. Don't know if its bad. But they eating off of every little piece of her and it looks its indefinite too. But she making hella money cause them niggas are very well off. S*** ain't gon end welll
What's the possibility this promo tho. Right when her album bout to drop
Like imagine they slide the contract towards you, and then they got their hand out like this waiting for you to take the pen and sign it
But you're like this going "nah not until I've finished reading this whole thing"
I’m sure this is a common thing 🤨
At least I hope it is
Record labels prey on and take advantage of broke artists and we don't talk about it enough smh
So her contract is so bad that she has to eat off dustpans? Wild
Brooo
You won this thread
Wonder if there getting her touring as well
Yes they get a piece of everything in a 360
Record labels prey on and take advantage of broke artists and we don't talk about it enough smh
Whats us talking about it going to change. Artists who sign these deals are desperately in need of money. Thats why they sign and we cant stop them. Its either this deal or being broke
Wonder of joe budden is gonna call justis about this! Doubt it though.
Can't be cosigning her getting 16% on every dollar she makes. That's a robbery.
No lie. But also her advance was 111k so she coulda recouped quickly and they gotta make money off of putting her on. Think the deal should have expired after 2-3 albums or a couple years. But she in a position to renegotiate with a deal that wild
Wonder of joe budden is gonna call justis about this! Doubt it though.
Lol you know Joe gon cape for Justice especially if her album b***oo
Whats us talking about it going to change. Artists who sign these deals are desperately in need of money. Thats why they sign and we cant stop them. Its either this deal or being broke
I mean talking about it on a national level too. I'd like to see people with a platform address it more, like how Kanye has been doing the last couple years.
Is it better to not bring light to the problem and not try to push for change?
These rich execs know these artists are desperate af and they exploit that and leave these artists out to dry after they are done with them. But the problem is the artists have no way to get out of the contracts, and its f***ed up.
So much wasted potential throughout music history because a record label won't let an artist release any more music so they just sit on the shelf and fade in to obscurity
At this point I don’t even feel sorry for her Too many examples out there she should’ve known better
Shouldn’t have signed it she prolly saw that advance and just signed.
That’s still life changing money, but not much in grand scheme of music
honestly lol. an $85,000 advance is not really life changing money. that's also questionably before tax. that's working like 2 years as a teacher or something
I suppose the opportunity is potentially life-changing, that's true, and in this case it was, but if you really think about it according to this she got an $85,000 (assumedly pre-tax) lump sum 4 years ago and then has earned only 16% of her royalties (and only AFTER making back the $85k) and has also given up a chunk of seemingly everything else she has made money on
also for an artist who has been well-documented in having issues touring (maybe this has changed for her idk but I remember her saying she never wanted to tour again) this is a pretty unfortunate financial spot to be in. would never knock the opportunity but think about how much money the label is making off her rn vs what she makes
Man, this industry will die sooner and later the more people wake up and learn that these labels do not want you to have any money or power, which is sad.
First of all, Niggas need to read their contracts if they're going to sign to a label.
Second of all, BE F***IN INDEPENDENT!!!!!
You can still make a name for yourself, just have a team with you ready, so you can make your career happen.
honestly lol. an $85,000 advance is not really life changing money. that's also questionably before tax. that's working like 2 years as a teacher or something
I suppose the opportunity is potentially life-changing, that's true, and in this case it was, but if you really think about it according to this she got an $85,000 (assumedly pre-tax) lump sum 4 years ago and then has earned only 16% of her royalties (and only AFTER making back the $85k) and has also given up a chunk of seemingly everything else she has made money on
also for an artist who has been well-documented in having issues touring (maybe this has changed for her idk but I remember her saying she never wanted to tour again) this is a pretty unfortunate financial spot to be in. would never knock the opportunity but think about how much money the label is making off her rn vs what she makes
85k might not be alot for you but if I tell any nigga ik right now that they’ll get 85k for singing? s*** I might turn into Diddy
some lawyers are lowkey working in the label's favour so its not as easy as finding a lawyer
Some, not all. Im sure its easier said than done but you gotta look past just blowing up. You gotta think about surviving long term
it’s not easy to just hire a lawyer cos there’s different types and also the ones that specialise in these contracts tend to work for the label and not an artist