Nipsey did this with Epic 
so did currensy with cash money
so did currensy with cash money
If you were an unknown rapper and had a chance to sign to a major, would you do it?
- Thread starter Mandarin Duck
- Start date
id sign based only on these 4 terms that must be met:
1# I learned this from the Tru Life signing... i am offered a TIME CLAUSE release ....Tru Life only signed with Roc and Jay z at that time if they were willingto include a TIME CLAUSE within his contract stating that if they didn't excersice the option to release his album by a certain date which they mutually agreed upon they would have to release him from all obligations of the contract....nice one!
2# Joint Venture....Self explanotory!!
3# Full Creative control of my first LP released via the label in exchange for the label being able to retain the masters to that first LP till the obligations of the contract are fulfilled allowing me to retain ownership of the masters.
4# A recoupable budget for recording and marketing expenses only ...i keep 50% of mechanical and performance royalties and 50 percent of publishing during my tenure on the label...
1# I learned this from the Tru Life signing... i am offered a TIME CLAUSE release ....Tru Life only signed with Roc and Jay z at that time if they were willingto include a TIME CLAUSE within his contract stating that if they didn't excersice the option to release his album by a certain date which they mutually agreed upon they would have to release him from all obligations of the contract....nice one!
2# Joint Venture....Self explanotory!!
3# Full Creative control of my first LP released via the label in exchange for the label being able to retain the masters to that first LP till the obligations of the contract are fulfilled allowing me to retain ownership of the masters.
4# A recoupable budget for recording and marketing expenses only ...i keep 50% of mechanical and performance royalties and 50 percent of publishing during my tenure on the label...
Mandarin Duck
Majestic and Highfalutin
Can you explain what a joint venture is breh
It is the most mutual and benifical of all deals for an artist...
basically the label and the artist or sublabel or imprint enter into an AGREEMENT where both sides agree to split revenue and in some cases costs up the middle without any burden of debt or obligations once the terms are met.
Cash Money is the best example of such a deal , we have seen in this time period
No Limit records and Rap A Lot held joint venture deals as well.....and as you can see it made thier benificeries Master P and Jprince very wealthy men...because each entity the (label and the artist/sublabel) stayed in thier lane when it came to recouping costs
where as opposed to the traditional recording deal where an artist or imprint is in debt from the start based on advances and upfront expenses that is being recouped on the back end by the label..
Joint Ventures are seen as the best route to go..but unfortunatly VERY FEW are offered these type of deals unless they had some sort of leverage (strong sales history, buzz, catalog value) to enter the negotiations with to make the Label want to consider such a venture.
Mandarin Duck
Majestic and Highfalutin
So would a person need a lot of their own money before they come to the label and say they want a joint venture?
uhh having liquid funds on hand does certainly help ....
because they know they can't just dangle any check in front of you and expect you to jump like some starving dog..
nah they know damn well you know your worth....
i recall this when i attended the Ozone awards in florida back in like 2006...
and i recall a few indy cats talking major shyt like..."don't hollar at us majors...cause we eating..."
or to paraphrase JAY Z..."money didn't come from music" ...
i was under the impression that every cat on the street in into music or indy dude was looking to get SIGNED just like we did at my small indy....
but i was wrong..these guys ONLY wanted to get signed if the label respected thier mind (money)
its basically no different than a banking situation cause that's what your dealing with BANKS..record companies are BANKS
Like a partner told me when he was buidling his home ....the banks hate when you use your own money.........
cause they want to ENSLAVE you with that credit!!!..... that always stuck with me....
be as liquid as you can so you dont feel the need to BORROW as much
cause basically everythign a LABEL gives u is "credited" to you as a loan that they will recoup
filial_piety
Banned
I think I would....you're onna get fukked though....but you have to really make it work for you...you have to branch outside of rap.