Chief Keef Making Bank if He Moves 250k, check it

[iLoveFlavorfullVaginas]

Not only did Keef sign the deal for 3 albums, he also got a separate deal for his own record label…allowing him to bring in around $6 million in the next three years!
Though he won’t get the money until he’s 18, he did get a $440,000 advance (half up front and half after a judge signs off on the deal.) He also got at least $300,000 for album expenses. But…there’s a catch! If Finally Rich doesn’t move at least 250k units by December 2013 (which will have given it one full year on shelves…FYI it did 50k the first week out), Interscope can then void the contract of his future obligations…and money!
That’s just his solo deal, though. As for the deal for his own label, he got a separate three-year deal to establish Glory Boyz Entertainment, aka GBE. For that, he got yet another $440,000 advance.
Seems like he’s doing pretty damn well! You can read more details on his mula over at DNA Info. Hopefully these next few months in a juvenile detention center will straighten him out so he stays out of trouble and does some positive things with this money!

http://bit.ly/TuyiLY

 

[marcuz]

no wonder he got put on child support twice over. them chicks finna over the next 18 yrs.

 

[CouldntBeMeTho]

too bad hes not hitting 250k, after fines and child support, he will trick all that off and be broke by 21. not hating, just a hunch

 

[Ninjaz In Paris]

He's at less then 110k & moving less then 5k a week now... he's not gonna hit 250k...

 

[Amestafuu (Emeritus)]

he won't move 250k and he has already burned bridges... its over

 

[Loud Still Coolin]

so is the hate bein sober video droppin?

 

[DaveyDave]

Not only did Keef sign the deal for 3 albums, he also got a separate deal for his own record label…allowing him to bring in around $6 million in the next three years!
Though he won’t get the money until he’s 18, he did get a $440,000 advance (half up front and half after a judge signs off on the deal.) He also got at least $300,000 for album expenses. But…there’s a catch! If Finally Rich doesn’t move at least 250k units by December 2013 (which will have given it one full year on shelves…FYI it did 50k the first week out), Interscope can then void the contract of his future obligations…and money!
That’s just his solo deal, though. As for the deal for his own label, he got a separate three-year deal to establish Glory Boyz Entertainment, aka GBE. For that, he got yet another $440,000 advance.
Seems like he’s doing pretty damn well! You can read more details on his mula over at DNA Info. Hopefully these next few months in a juvenile detention center will straighten him out so he stays out of trouble and does some positive things with this money!

In Flex We Trust » DAMN! Guess How Much Money Chief Keef Got In His Interscope Deal!

he has to pay back all those advances, they take the money from his royalties until those advances are paid up THEN he will start making money IF he sells enough copies

 

[Suicide King]

His crew is grinding, though.

GBE300.COM

Chief Keef and his manager will get their cut.

 

[iLoveFlavorfullVaginas]

He should have showed up for the video

 

[MeachTheMonster]

If the deal adds up to 6 mil. I'm sure he's already spent half of that making and promoting the album. On the back end he'll have to pay lawyers, managers, promoters, etc. basically dude is broke and that's how they do a lot of these rappers 6 mil sounds like a lot but when you consider the artist has to pay the label back for EVERYTHING it's not that much.

 

[Ninjaz In Paris]

If the deal adds up to 6 mil. I'm sure he's already spent half of that making and promoting the album. On the back end he'll have to pay lawyers, managers, promoters, etc. basically dude is broke and that's how they do a lot of these rappers 6 mil sounds like a lot but when you consider the artist has to pay the label back for EVERYTHING it's not that much.

No label would give anyone that much up front...

A deal may be WORTH 6 Million when in reality you only get 800k up front & 700k of that is to be spent on multiple projects...

So walking around saying you're finally rich with only 100k is

 

[iLoveFlavorfullVaginas]

So hes not rich?

How much is he forecasted to close at?

 

[Ninjaz In Paris]

So hes not rich?

How much is he forecasted to close at?

Negative right now...

 

[Danie84]

That delinquent is caking better than me.