T Pain Says his label deal was 15/85 split with a 40 million advance

[Amestafuu (Emeritus)]

A advance includes operating costs for recording an album. You aren't just banking 4M.

You can. Even when dude stared his career digital recording was already a reality. Making music hasn't been expensive since the days of mbox pro-tools. Did he get a lot of expensive producers and videos? Even then in his era it wasn't millions for any of that

 

[Shadow King]

You can. Even when dude stared his career digital recording was already a reality. Making music hasn't been expensive since the days of mbox pro-tools.

You can't.

 

[mag357]

A $40 mill advance? Mans should’ve taken $20 mill is stashed it and used the other $20m for albums, producers and tours etc..

That has to get recouped regardless.
U could try to flip 20m in the streets. Or some other way. Since it's basically a loan.

Then give them back their cut

 

[4-Rin]

Just want to say T-Pain produced the beats on damn near all the songs on his first album

 

[Eternally Jaded]

Are you serious?

Breh has to be joking.

 

[Eternally Jaded]

They think artist are in debt to the labels

I'll raise my hand and say I thought this.

Everything people have said about advances made me think it was basically a loan to get the album/albums done and you were on the hook if they didn't recoup.

Predatory contracts n all that.

 

[Kiyoshi-Dono]

Are you serious?

Oh I forgot this board is filled with old fakkit nikkas from the east coast still living in timberlands and jhorts like a me no black papi Dominican

 

[Eternally Jaded]

Yup, he could have invested in stocks and some business.

Man if I got that kinda windfall I'd have like four blue collar businesses built by eony.

Yeah u rap/sing but I also have earning businesses to my name.

 

[Vandelay]

$40 mill for his first record in the 2000s?

Gtfoh...


Why mothafukkas not even trying to sound believable?

 

[bourgeoisie tall freak]

sounds like a great deal

 

[DarkmanX]

This man. I have no sympathy for these dudes blowing life changing money. $4 million in the bank you’re living like a doctor for life just off the interest. It takes zero effort With no “financial advisor“ to set yourself up for life with that much money.

$40 million say you get 1/2 take home, $1Million/year easy off interest.

Are you talking about putting the money in a savings account and watch the interest rate there? School me, im tryna learn.

 

[King Poetic]

First album went gold

And the second went double platinum

And he blew the money

Glad larussell listening like that’s not going to be me

 

[Geek Nasty]

Are you talking about putting the money in a savings account and watch the interest rate there? School me, im tryna learn.

There are some high interest accounts or CDs at a bank that can get you around 5%. But, I'd look at treasury bills or bonds. You have to leave your money alone for the term, but you'll get a good return.

Personally, I still expect a stock market crash. Normally I'd say stick your money in an index fund and just sit back. Stocks are better in the long run, but they tend to be way more unstable with bigger swings up and down (I think we're at the start of a really bad downward swing).

 

[DarkmanX]

There are some high interest accounts or CDs at a bank that can get you around 5%. But, I'd look at treasury bills or bonds. You have to leave your money alone for the term, but you'll get a good return.

Personally, I still expect a stock market crash. Normally I'd say stick your money in an index fund and just sit back. Stocks are better in the long run, but they tend to be way more unstable with bigger swings up and down (I think we're at the start of a really bad downward swing).

Why is that, do you believe?

 

[Geek Nasty]

Why is that, do you believe?

Lots of really bad economic indicators, I'm not an expert just what I follow on YouTube channels:
* Cars are being repoed as fast as existing number of repo men can do it
* Increase in deliquencies on debts (when people get behind on house payments that's usually the last sign before a collapse).
* Evidence of a recession coming, these are stats things economists talk about that I don't really understand like the Sahm rule and the yield curve inverting then normalizing.
* Unemployment starting to tick up (people underemployed with multiple part time gigs are hiding how bad numbers are).

People I follow are:
* Danielle DiMartino Booth
* Melody Wright
* Eurodollar University

Careful though, a lot of these financial influencers are closet pro-corporation types so take everything they say with a grain of salt