Nelly: Chief Keef Made Mistake With Record Deal

[thernbroom]

He just dropped GAME

 

[mortuus est]

Nelly out here sounding like Krs

 

[FaTaL]

nelly has a point though, the real money comes from owning your publishing,masters etc

tech 9 is caking

 

[Flav]

the ice that boy rockin on his ears

 

[cacmatic]

nelly comes off a lot smarter in interviews than he does though his music

 

[L&HH]

He has a point I mean Keef only did like 50,000 first week (partiallty do to his own fault for not showing up to interviews and video shoots but even if he did all that idk how much it would have helped him in the long run).

 

[FaTaL]

He has a point I mean Keef only did like 50,000 first week (partiallty do to his own fault for not showing up to interviews and video shoots but even if he did all that idk how much it would have helped him in the long run).

if its true he got 6 mil upfront, does he have to give any of that back after his disappointing sales?

 

[AlbertPullhoez]

He has a point I mean Keef only did like 50,000 first week (partiallty do to his own fault for not showing up to interviews and video shoots but even if he did all that idk how much it would have helped him in the long run).

He could've went independent and not sign to Interscope and probably do 50,000 locally/regionally alone and wound up with more money in his own pocket

Never understood why these nikkas sign to these labels.

 

[mortuus est]

Basically keef needed someone by his side to guide him

 

[L&HH]

if its true he got 6 mil upfront, does he have to give any of that back after his disappointing sales?

Nah he aint get 6 million upfront.

The teenage rap star won’t be able to spend most of his big-money pay check until he turns 18 in August, DNAinfo.com has learned.
Chief Keef signed a three-album contract — and a separate deal to control his own record label — with Interscope Records that could pay the South Side gangster rapper more than $6 million over three years. A split of future royalties could make for an even bigger pay day, according to court papers…
…Interscope agreed to pay Chief Keef a $440,000 advance — half up front and half after a judge signs off on the deal — that will be deposited in a court administered trust fund on his behalf, according to court papers. The so-called “blocked trust” is controlled by Chief Keef’s legal guardian, his grandmother, Margaret Carter. Withdrawals typically are prohibited from block trusts until a minor turns 18.
Chief Keef — who is currently locked up in juvenile detention for 60 days — also received at least $300,000 to cover the cost of recording “Finally Rich,” which sold 50,000 copies during the first week it was released in December.
Chief Keef’s deals all depend on album sales. If “Finally Rich” doesn’t sell at least 250,000 albums by December 2013, Interscope has the right to pull the plug on subsequent album releases — two albums and a compilation of hits, according to the deal.
In a separate three-year deal to establish Chief Keef’s record label “Glory Boyz Entertainment” — GBE for short — Interscope Records forked over another $440,000 advance. That agreement calls for both Chief Keef and his manager, Rovan Manuel, to each be paid $180,000. The deal calls for 15-percent of Chief Keef’s advance to be put in his trust fund, according to court papers.

Here's the og thread:

http://www.the-coli.com/booth/81992...ef-keef%92s-interscope-deal.html#.UT_eoRw4v4M

 

[WhiteDawg3000]

if its true he got 6 mil upfront, does he have to give any of that back after his disappointing sales?

yes

 

[FaTaL]

He could've went independent and not sign to Interscope and probably do 50,000 locally/regionally alone and wound up with more money in his own pocket

Never understood why these nikkas sign to these labels.

it worked out for cash money, of course they signed a great deal

i mean it worked out for baby

 

[AlbertPullhoez]

it worked out for cash money, of course they signed a great deal

i mean it worked out for baby

Slim Thug is another perfect example. He was rapping for a good 7-8 years and was caking good independentely before he got his deal. Lil Flip is another one. His indie albums did good units regionally before he even signed his major deal

 

[jfkennedy]

We need a list of people who own their masters, since it's such a short list.

 

[thernbroom]

mac miller must be making some serious money mountain dew deals and gold singles