John Legend just sold his entire music catalog for those Ms.

[Squirrel from Meteor Man]

Hey, you a are chef, and you specialize in cakes and pastries

you are very successful, and make literally $1,000,000 a year from your 4 bakeries. You opened the first one in 2003.

You’ve been making the ocassional new cake recipe and some people like them, but people come to your bakeries for the same danish and cupcake usually. The new ones arent as successful.

i will pay you $75,000,000 for your recipes, and the restaurants which will remain the same, you just walk away.




What is your decision?

This would be a more realistic scenario if John Legend (and other black artists) was being offered $75 million. They’re not getting those offers. I understand John Legend’s career is basically done outside of features so it’s a sound move to sell off for some millions. However, the millions he sold it for could’ve been generated over time (short term or long term is for discussion, all it takes is a big movie or commercial placement). Hell, someone may decide to make a movie or show based off “Ordinary People”. Now John Legend won’t get a dime from it.

Cashing out is always a good option but they’re giving up ownership and the chance for generational income.

There’s power in ownership. There’s a reason families like Kennedy, Welch, Walton, Kraft, Heinz, etc go on forever. If they sold off their businesses to the highest bidder they wouldn’t be up billions.

 

[AQz]

Was trying to find a price on this. Interesting though.

 

[Squirrel from Meteor Man]

Unless he just pisses his money away this is nothing. Plus John(and his square face wife) have various other revenue sources. Coli nikkas who never made more than 60k kill me

Ownership = power. Not always about money.

 

[Mastamimd]

Unless he just pisses his money away this is nothing. Plus John(and his square face wife) have various other revenue sources. Coli nikkas who never made more than 60k kill me

nikkas in here talmbout generational wealth, like how the fukk is 100 million plus not generational wealth and they're still gonna be working on top of that

 

[FaTaL]

I can’t react until I see the details

 

[Mastamimd]

Ownership = power. Not always about money.

Everyone don't want power

 

[Easy-E]

Everyone is cashing out in their music.

Something fishy going on

artists haven't done shows in damn near 3 years

Them pockets going skinny

nikkas in here talmbout generational wealth, like how the fukk is 100 million plus not generational wealth and they're still gonna be working on top of that

I stopped listening to thecoli when they shytted on Wayne for selling his catalog.

 

[Squirrel from Meteor Man]

Everyone don't want power

I agree, that’s always been the issue with the plight of black folks

Power gives you influence. The Waltons, etc directly influence laws and regulations. We rather just have money

 

[Ed MOTHEREFFING G]

They don’t use cakes and pastries as movie and commercial soundtracks. They don’t use pies as nfts or whatever new technology is around the corner.

&

Maybe I could’ve made the same deals with the cakes that the company buying my recipes would make.

Maybe I should’ve invested my pie money better or maybe made more bakeries instead of sitting on my c00n spirit light brite ass with my moonface Asian wife.

Despite the fact that we’re just talking about trading residual income that is fading for a return on work and life investment,
....There is no way we can have a rational conversation like this because your position is clearly based in just not liking John Legend.

 

[Tribal Outkast]

People literally brag about not buying music.. touring money is drying up.. streaming ain’t paying them like that. Why be surprised by this? He’s just cashing out now

 

[TheOptimisticCynikal]

Hey, you a are chef, and you specialize in cakes and pastries

you are very successful, and make literally $1,000,000 a year from your 4 bakeries. You opened the first one in 2003.

You’ve been making the ocassional new cake recipe and some people like them, but people come to your bakeries for the same danish and cupcake usually. The new ones arent as successful.

i will pay you $175,000,000 for your recipes, and the restaurants which will remain the same, you just walk away.




What is your decision?

Exactly this.
Guaranteed money > Dreams of empire building

The whole hustle and grind thing looks great on social media posts and sounds good talking about, but the reality is years, sometimes decades of trial and error, factors and intangibles out of your control falling into place

Not everyone is meant to be business minded or moguls-to-be. Some brehs just want the cheque now and there's nothing wrong with that

 

[TEH]

Despite the fact that we’re just talking about trading residual income that is fading for a return on work and life investment,
....There is no way we can have a rational conversation like this because your position is clearly based in just not liking John Legend.

I’m rational and reasonable here.

The fact that I don’t like him is just an addendum to my point.

 

[NoMoreWhiteWoman2020]

This would be a more realistic scenario if John Legend (and other black artists) was being offered $75 million. They’re not getting those offers. I understand John Legend’s career is basically done outside of features so it’s a sound move to sell off for some millions. However, the millions he sold it for could’ve been generated over time (short term or long term is for discussion, all it takes is a big movie or commercial placement). Hell, someone may decide to make a movie or show based off “Ordinary People”. Now John Legend won’t get a dime from it.

Cashing out is always a good option but they’re giving up ownership and the chance for generational income.

There’s power in ownership. There’s a reason families like Kennedy, Welch, Walton, Kraft, Heinz, etc go on forever. If they sold off their businesses to the highest bidder they wouldn’t be up billions.

Team owners do it all the time. And let’s just say he got 100 million. That is still generational wealth and if his descendants piss off that amount, then they would have done the same if he retained the rights.

And he is still relatively young so there is no telling what other endeavors he can get into. And he has tv money coming in. He will be fine.

 

[Standing on business]

Once again we got posters questioning decisions from artist who’s been in the game for decades and know exactly how much they’re bringing in every year from their catalog.

 

[skokiaan]

When last a coli nikka listen to a John legend song

Depending on his contract and how much he gets from this sale