The Devil's Advocate
Call me Dad
Exactly. Migos is done. Most of their artists are done. They damn sure ain’t pulling in another 300 million under Scooter who don’t know shyt about our culture
This was the best thing for him
QC (black) has been sold for $300M to executive and talent manager Scooter Braun (white) during black history month.
- Thread starter Sad Bunny
- Start date
This was the best thing for him
zayk35
Superstar
All these Forbes typs of lists about who's making this and that l have really spoiled a lot of ppls thinking on just how much 1 million dollars cash is l. Let alone 300 Million!!!. We got a couple hip hop billionaires, cool. But not everything is going to be in that stratosphere. A lot of artists, and producers have been selling their catalogs for hundreds of millions of dollars lately, and yall run to these threads talking the same shyt and ain't got 10k liquid.
SupaDupaFresh
Superstar
I try not to judge business deals like this. Not every business is gonna stay profitable forever and a black owned business is no different.
If the label was declining, the company or industry as a whole is projected to lose more money in the future than to gain, and selling to someone else who wants to own a Hip Hop label for nearly half a billion was more practical than willingly falling into debt, than I don't hate for making a sale. Business is business. If I owned a successful business on a decline but got some Korean dudes ready to pony up 500 million dollars to get in the hip hop game, Id rather make a sale and be 500 milly wealthier to start a new venture than be 500 milly in debt in a few years trying to hold on to my guns. Looking at earnings and projections and knowing when it's time to either risk it all or sell out and cash out is part of business.
I dont give a fukk about someone else's generational wealth, thats bourgeoise c00n shyt from people who want to live vicariously through celebrities. I agree that building a respectable black economy as a whole will always be more important than the "generational wealth" of selective families. But if we want more black economics, black capitalism, and black business in a country where we are neither the predominant population or a predominant part of the business community than we have to accept when our CEOs make that tough decision to sell out to whoever may be the highest bidder. There is a science behind it besides just taking white people's money.
With that said I will always prefer black owned businesses to last forever and be in the hands of other black people. I understand the frustration. I'm confident these guys will cash out of the music business and find bigger ventures that will be black owned.
SupaDupaFresh
Superstar
They would scam you GOOD in my hood with this mentality. You really believe every price tag is an honest deal?
SupaDupaFresh
Superstar
You can't compare Michael Jackson to just anybody. He is possibly THE best selling recording artist, EVER. His fame and wealth was on some Walt Disney level. Bigger than the industry itself. Man literally owned his very own personal theme park for God's sake, let alone music catalogues and artists. His wealth was massive.
There are few artists of any race who can single handedly buy out entire companies and sign off on millions of bucks like it's chump change. He was a grand exception to every standard of entertainment industry wealth.
Never been scammed in my life. Your hood wouldn't be any different. "worth" is only something that matters between the person that has it and the person that wants it. Being a "honest deal" doesn't have shyt to do with it. No matter what it is, it's only worth what someone else is willing to pay. Is a $300k Ferrari worth $3mil? It is when someone who offers $2,999,999 can't get it.
Hyperion
Superstar
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
You'd be surprised breh, a lot of black Americans are at these writing camps. The demos are in English, and if those demos get selected, the labels will come in and change that into Korean. Even down to how it's sung, flows and all, they keep most if not all of it. Of course, it doesn't mean that every song that comes out of there was produced or written by a black musician, but some of the more R&B and Hip Hop-focused stuff has our touch, more often than not.
As a matter of fact, they're just now starting to hop on the trap beat wave more. There's still the EDM stuff they hop on, but a lot of the newer acts that are coming out? They're on trap beats. On top of that, Dem Jointz has been getting placements over there pretty consistently there too. For example:
This group is from Hybe. Scooter owns the North American branch. They're brand new, and this song was pretty popular on TikTok (I know, I know).
This is a Japanese group that promotes heavily in Korea. They're also brand new.
Now there are of course many examples of them doing cookie-cutter songs with the occasional random English word or sentence thrown in, that much is very true. And I think that happens because it sounds "cool" to them, a stylistic choice for the audience it's meant for. But these companies in South Korea are seeing the dollar signs internationally, and if they're smart, they'll pull back on stuff like that.
BTS Label Owner HYBE Merges With Scooter Braun’s Ithaca Holdings for $1 Billion (EXCLUSIVE) <- This was in April 2021. I wouldn't be surprised if the Kpop industry saw a huge boost during the COVID pandemic globally and are making moves accordingly due to that. And with BTS doing their mandatory military enlistment until 2025, Hybe is probably wanting to make sure they're not on an ice pack during those couple of years until all of the members return.
But to tie it all back... Americans definitely are present in the Kpop industry, because Kpop as a genre is heavily inspired by what goes on here. But it also goes without saying that there's also a huge difference in that how society works in Korea is not the same as how it works here in North America, and that's undoubtedly going to show in the music, regardless of the influence or who's behind the pen and boards.
