Jul 28 - Drake’s Record Deal More Lucrative Than Most Think — Details Revealed

most viewed right now
 141
Video inside So Maliah blessed us this morning
17 comments
@thotsdimesetc
most viewed right now
 136
Birdman broke af - about to lose his mansion due to $12 Million Dollar Loan
84 comments
@hiphop
most viewed right now
 68
Damn!! Is all I can say
58 comments
@thotsdimesetc
most viewed right now
 65
Video inside Was there ever a bigger weed carrier than SliffStar
70 comments
@hiphop

section   (0 bx goons and 1 bystanders) Share this on Twitter   Share this on Facebook
 

Props Slaps
 8 years ago '07        #1
7911 pageviews
65 comments


Hunedz|M 38 heat pts38
space
avatar space
space
$6,414 | Props total: 3 3
Jul 28 - Drake’s Record Deal More Lucrative Than Most Think — Details Revealed
 

 
When we reported that Drake finally inked a deal with Cash Money/Universal, some of our readers criticized the rapper for his decision, pointing to previous Cash Money artists who never released albums.

Well, according to L.A. Times report, Drake made out pretty nicely, as the paper revealed some of the specifics regarding the rapper's record deal.

Even the rapper thinks so. "They have given me one of the greatest situations in hip-hop," he said of his team.

"Under the unusually lucrative agreement he struck with Aspire/Young Money/Cash Money Records distributed through Universal, Drake received a $2-million advance," the report reads. "He retains the publishing rights to his songs and cedes only around 25% of his music sales revenues to the label as a 'distribution fee,' his managers said."

His managers say Drake isn't owned by any record company, nor do they control or have any stake in his masters, his touring profits, etc.

In recent years, major record labels had adopted what are known as "360 deals", a financially restrictive agreement where labels would have a stake in an artist's tour earnings, merchandising, as well as any other income they earn outside of music sales.

"Those deals don't happen anymore," said Cortez Bryant, Lil Wayne longtime manager and one of the members of Drake's team.


Now, with a deal in place, Drake is set to lead off Cash Money Records next five releases in 2009. His debut album, titled Thank Me Later, is due next, followed by a new album from Birdman, a compilation from Lil Wayne's Young Money imprint, and then Weezy's highly anticipated rock album Rebirth.


SRC:
[pic - click to view]

 BallerStatus.com » Drake’s Record Deal More Lucrative Than Most Think — Details Revealed


Last edited by Hunedz; 07-28-2009 at 03:56 PM..

65 comments for "Jul 28 - Drake’s Record Deal More Lucrative Than Most Think — Details Revealed"

 8 years ago '09        #2
Lil Jay 30 heat pts30
space
avatar space
space
$7,999 | Props total: 424 424
dra.. who?!
 8 years ago '04        #3
young_emay 
space
avatar space
space
$553 | Props total: 3 3
isnt that a ps3 game?
 07-28-2009, 04:30 PM         #4
Jerseyelite89 
space
space
space
$n/a | Props total:  
damn deals like this make puffy turn in his grave....what puffy's not dead?
 8 years ago '09        #5
Lil Jay 30 heat pts30
space
avatar space
space
$7,999 | Props total: 424 424
 young_emay said:
isnt that a ps3 game?
i wasnt sure.... thanx tho ... I think youre right...
 8 years ago '09        #6
Lil Jay 30 heat pts30
space
avatar space
space
$7,999 | Props total: 424 424

[pic - click to view]

 8 years ago '06        #7
quintan 
space
avatar space
space
$1,558 | Props total: 3 3
i work at target cause n we have rebirth and baby cd have dates for release for 8/18
 8 years ago '04        #8
GoldynChyld421 
space
space
space
$7,957 | Props total: 708 708
Good sh*t for Drake... ESCAPE THE r*pe!
 8 years ago '05        #9
clevel216 
space
avatar space
space
$914 | Props total: 10 10
n*ggaz stay hating on drake. i aint a huge fan but i respect n*ggaz who hustle and get money. i bet the ppl hatin is the same n*ggas who broke
 8 years ago '04        #10
GoldynChyld421 
space
space
space
$7,957 | Props total: 708 708
 clevel216 said:
n*ggaz stay hating on drake. i aint a huge fan but i respect n*ggaz who hustle and get money. i bet the ppl hatin is the same n*ggas who broke
Broke minds DO tend to think alike...
 8 years ago '05        #11
Gotti211 1 heat pts
space
avatar space
space
$2,721 | Props total: 6 6
 Lil Jay said:

[pic - click to view]

 8 years ago '06        #12
01seay 83 heat pts83
space
avatar space
space
$20,980 | Props total: 3544 3544
You might as well say he's independent.......and this contract is the reason Jay-Z couldn't sign, because Jay probably wanted his soul.....
 8 years ago '09        #13
UrbanEnterprise 62 heat pts62
space
avatar space
space
$18,518 | Props total: 11384 11384
 clevel216 said:
n*ggaz stay hating on drake. i aint a huge fan but i respect n*ggaz who hustle and get money. i bet the ppl hatin is the same n*ggas who broke
i hate that sh*t, u actually think n*ggas hate this man cuz he makin money, naw homie its becuz his music is garbage, aint got nothin to do wit money
 8 years ago '05        #14
DymeKatcha 6 heat pts
space
avatar space
space
$9,166 | Props total: 959 959
Damn Drake raping they a.ss...good sh*t.
 8 years ago '05        #15
CallmeJR 1 heat pts
space
avatar space
space
$2,095 | Props total: 781 781
 UnFaZeD said:
:rolll augh:
i did the same fu*kin thing. Like GET THE FUCCK OUTTA HERE
 07-28-2009, 09:11 PM         #16
ElMarroAfamado 
space
space
space
$n/a | Props total:  
 clevel216 said:
n*ggaz stay hating on drake. i aint a huge fan but i respect n*ggaz who hustle and get money. i bet the ppl hatin is the same n*ggas who broke
yes Drake is rich. Like im sure hes richer than all of you defending him combined.
that is not the point. the point is i have been reading Drake this Drake that...
so the other day i decided to listen to some of his songs

and i just nodded my head...
the point is he is wack
 8 years ago '06        #17
Jaguar34 4 heat pts
space
avatar space
space
$1,905 | Props total: 2 2
Ignoring the hater...

How does Cash Money profit of this? It seems like he's getting...everything.
 07-29-2009, 01:59 AM         #18
HeavenlySword 
space
space
space
$n/a | Props total:  
thats what happens when you can put all your degrassi money into a project and make it pop off.....
 8 years ago '04        #19
DJ Maximum|M 48 heat pts48
space
avatar space
space
$43,396 | Props total: 11772 11772
i doubt a deal is like this whos gonna give u 2 million advance he mustve signed like a 8 album deal or something i dont see how universal is profiting off this
Lurker gave props
 
 8 years ago '04        #20
Calamity 8 heat pts
space
avatar space
space
$11,025 | Props total: 1850 1850
"lets hurry up and get that new birdman album out there to feed off drake's momentum" lol
Home      
  
 

 






most viewed right now
 42
So this nigga YBN Nahmir really a fraud nigga?
79 comments
2 days ago
@hiphop
most viewed right now
 33
Steph Kegels
133 comments
1 day ago
@thotsdimesetc
most viewed right now
 26
Video inside US DEPARMENT OF DEFENSE RELEASES NAVY JET ENCOUNTER WITH UFO VIDEO :mjd..
73 comments
1 day ago
@wild'ish
most viewed right now
 24
Image(s) inside Bx, can she be saved? Or is she Too Far Gone?
111 comments
1 day ago
@thotsdimesetc
most viewed right now
 15
Image(s) inside Dec 16 - Virginia woman killed by her pit bulls in ‘grisly mauling’
193 comments
2 days ago
@news
most viewed right now
 13
Image(s) inside Is it just me or did Kanye West dress poorly during the College Dropou..
68 comments
2 days ago
@gear
most viewed right now
 9
Image(s) inside Dec 15 - Matt Damon Is Sharing All His Bad Opinions on Sexual Misconduct
51 comments
2 days ago
@news
most viewed right now
 9
Image(s) inside Joe Budden coming out of retirement in 2018 over amigos beef? “Enough ..
118 comments
2 days ago
@hiphop
back to top
register contact Follow BX @ Twitter Follow BX @ Facebook search BX privacy