WARNER BROTHERS gave LIL PUMP a 350k advance for a FIVE ALBUM DEAL...

[Moich]

uh NO

lil pump is signed to two entities (lights global LLC. And Warner Bros,)

His check is getting ran thru twice long before he sees the backend revenue...

Warner will definitely make sure they have the upperhand

They got him for "cheap" and have already doubled up

deleted

 

[KENNY DA COOKER]

deleted

???

 

[xCivicx]

They say this kid is really smart

This is a smart move either way though

An ADVANCE is a LOAN

The less you BORROW, the less you have to PAY BACK later

Y'all laugh at rappers that get caught up in debt to their labels, the ADVANCE is how that happens

Some of y'all gotta step your thinking skills up

I don't think I would even want an advance if I was ever signed to a major label

 

[Bobby Lashleys eyebrows]

They really have absolutely no faith in him if they investing 350k in him and capitalizing 85% off his shyt. Dude probably has no personal or business manager on his payroll to show him what he's signing up for. He's gonna make as much as a part time ups worker off of annual sales when everything is done.

 

[Bobby Lashleys eyebrows]

They say this kid is really smart

This is a smart move either way though

An ADVANCE is a LOAN

The less you BORROW, the less you have to PAY BACK later

Y'all laugh at rappers that get caught up in debt to their labels, the ADVANCE is how that happens

Some of y'all gotta step your thinking skills up

I don't think I would even want an advance if I was ever signed to a major label

He's only getting 15% of his profit borrowing only 350k; he's stupid. 40% is smart. He won't even last 5 years so he'll go into debt.

 

[Uncle Baby Billy]

Broke

 

[Geek Nasty]

Music industry is full of foul execs. News at 11