Ghostface Trillah
God-level poster
People have unrealistic expectations of financial success in the music industry. They rush out a formulaic product quick to get paid a fast 10-30k. They dont want the standard middle class lifestyles.....they want that Rolls Royce money. Not just the rappers. I'm talking about the producers, the promoters, everybody. To them, living a quiet middle/upper middle class lifestyle ison their minds, so they push out all these trap dudes who can record an entire mixtape (or album) in 5 days on some Tyler Perry shyt with decent returns. They want to be multi millionaires their first calendar year and live up that lifestyle for eternity.
That Jay-Z and Master P business model expectations ruined black music.
No. People not following the business models of the Jay's and Master P's is where people fail. Before the Def Jam deal Rocafella was doing everything out of pocket on their own. Reasonable doubt was originally released on Freeze/Priority records because it was a distribution deal. By the time Def Jam came around Rocafella didn't need a deal, they needed the infrastructure that record labels had and they had the leverage to get a partnership not a record deal.
Master P was already moving records on his own when he got offered a record deal for 1 mil. He turned it down and paid Michael Jacksons entertainment lawyer 25k to consult him about deals and ended up getting an 80/20 distribution deal with priority. Remember when he tried to help Kodak by looking at his paperwork and kodaks label and management wouldn't let him see it then Kodak got mad because P tried to charge him for his time?
Nothing wrong with the business model. The basics behind both of those stories is people investing in themselves so they didn't need the handouts/loans/record deal debt that some stupid artist off the streets does.