Industry rule #4080, record company people are shadyyyy

Have you ever been poor before? Where tf can niggas get 2-5 racks for a really good entertainment lawyer

Because we wouldn’t know who she is without them? 😂😂😂

This is mad convenient to come out right before her album drops

Numbers seem pretty standard especially if a record label is taking you from cleaning houses to the top new black female R&B act lol

There’s a reason why this article dropped now lol

Lol

Talk to em

“Hire”

“Use the proceeds to pay them”

😂😂😂😂

“ Understand up front that most attorneys bill on an hourly basis (often between $300 and $700 an hour) and send a bill at the end of each month. Some attorneys bill on a fixed-fee basis, in which you pay a set amount for services (expect to pay $5,000 to $25,000 to negotiate a major entertainment deal, for instance).” I was undershooting the estimate too
@davey

theres a lot of rap lines i could quote rn but im gonna show respect

Free Summer Walker ✊

damn labels are scheming planting negative stories to pump up sales LOL i believe it tho

u aren't wrong but it's still a label with a bad history

This can be worked out bro. If you get paid a 100k for an advance and the lawyer knows he can negotiate that you don't see him or her letting you pay after you get paid even if it means putting a small down payment. A lawyer like this also wouldn't charge by the hour it would be a flat fee

Breaking news: Dumbass contract for a dumbass artist

Signing for that comma, instead of focusing on the business aspect of the deal is a dumb mistake most artist make…

This not rocket science I'm confused. Or are people just so down bad they can't take on beneficial risks

this the same dude who started a label

you give them a percentage of your advance

110k is not life changing money.. if that record contract holds her under LVRN for three years, they value her at 33k a year salary.

after taxes.. and lawyer fee, you prolly walk away with about 60% of that. not even enough to put into investments

Yup

Its a lot of us…if a label offered our broke asses who ain’t come from nothing an $85k advance we taking that s*** in a heartbeat. We not reading a damn thing and that’s just being realistic. We would get offended at anyone even suggesting to us that we should hesitate when weve never seen that much money at once

Threads like these reveal how well off a lot of you mfs really are given these delusional answers that a person who really came from the bottom couldn’t fathom. But I’m here to tell you, without saying it’s right - that opportunity seems like the only way out if you’re used to having nothing

So you people breaking down percentages talking like accountants and saying she could’ve done this and that unbelievable thing for someone at her level at the time…it’s just ridiculous

$100,000 isnt life changing? Yall have to be kids or financially slow to really think this especially during a time where most Americans are living paycheck to paycheck.
100k she doesnt have to worry about rent, she can relocate, she can focus on music instead of her other job which was stripping.

This money is life changing.

did you read my reply or are you just talking