QC (black) has been sold for $300M to executive and talent manager Scooter Braun (white) during black history month.

[RennisDeynolds]

Look at the rap songwriters and producers for these American songs. More and more non blacks and less brehs in the credits

And who knows how long they gonna let brehs and brehettes write over there in Korea before they take the whole recipe

I definitely don't believe Americans are writing Korean songs. They do the whole shot in cookie cutter Korean then randomly do a sentence in English

 

[Mike18jj]

300 million is a hella deal, good shyt P and Coach K

Happy for Coach K because he has gotten the short end of deals in the past

 

[Instant Classic]

I definitely don't believe Americans are writing Korean songs. They do the whole shot in cookie cutter Korean then randomly do a sentence in English

nah, they've been using black American producers and writers. However, they've shifted to using more European writers and producers, so they're already starting to move on from black creators.

 

[boskey]

They fleeced the white man. That catalog won’t be worth that much in the future

 

[YouMadd?]

Black folks really need to learn financial literacy and teach it to our offspring, stop selling valable assets. At some point you have to build wealth and pass it down to your children, its not all about selling .

Lol what?

One of the most important parts of a business or investment is knowing when to sell or knowing when to leave a trade. Record labels, music, sports, film, have peaks and lows where it is okay to sell and it is okay to buy much like any sort of asset that can be traded(like gold, stocks, bitcoin, real estate). Sometimes holding an asset too long leads to a loss or missing out on the profits. Nothing is guaranteed to stay the same value forever, it can fall.

This is why someone who owned property in Detroit in 1940 would definitely taken a huge L if they held that asset right now into the 2000’s 2020’s

None of us know the business, but this might have been Coach K and P’s time to sell based off when they entered their trade(started their business)

 

[Barlow]

Black folks really need to learn financial literacy and teach it to our offspring, stop selling valable assets. At some point you have to build wealth and pass it down to your children, its not all about selling .

Yeah the guy who built a 300 million dollar record label needs financial literacy from the coli

 

[pawdalaw]

No secret that assets hold value while fiat will continue to plummet. Those with plenty of liquid are trading it for properties that will endure this change of coming events. Entry level millionaires should be spending money fast. The US dollar has no backing while other countries are starting to put gold and other resources behind theirs.

 

[Tribal Outkast]

They know something we don’t. Music is barely selling anyway. They wouldn’t have sold it if these artists were pulling in Bad Bunny numbers. It is what it is at this point.

 

[desjardins]

If big bank take lil bank won't be any black banks
From hair products to record labels cacs consolidating the culture

 

[Ineedmoney504]

Great deal

They the ones with the connections and the know how to get shyt going. They have the name. They can start a record label tomorrow if they like lol

Music and they run was gonna be over soon tho

Cardi never putting out another album, migos done, baby cooling off,city girls not really making music no more

I’m sure they don’t wanna be apart of music anyway like that forever lol

Losers always over value shyt on the net. Saw someone say “they should have sold for nothing less then 1 bill

They don’t have one artist with a catalog that worth 100 mill lol

 

[Canon]

Record labels come and go and they have passed there peak

Smart sell

 

[GreenGhxst]

A white corporation looking for the next violent negro ignorance to further promote to the masses

Guess it doesn't matter, we'll pick them out either way

 

[Michael's Black Son]

Michael Jackson was buying catalogues back in the 90s, and here we are selling ours in 2023

He does know better. He’s about to be remaking and remixing all those hit records with overseas artists and DJs we’ve never heard of for the next 20 years, along with milking the artists they have now.

It’s chess and we’re out here playing checkers.

You’re right.

You already know there’s some Bad and Boujee K Pop remake on the way.

 

[Silver Surfer]

We in thr era of cashing out.....smart move

 

[Turbulent]

Often times we see transactions framed in a way where there has to be a loser and a winner. Who's to say they are not both winning. Maybe from coach k's perspective, they took it as far as they could and are looking into other opportunities that require lots of cash. Maybe from Scooter's perspective, they have connections and infrastructure that would redirect the asset in another direction and make more money.

What im saying is, maybe both sides are winning from the transaction.