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

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 9 years ago '07        #1
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Hunedz|M 38 heat pts38
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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.


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


Last edited by Hunedz; 07-28-2009 at 02:56 PM..

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

 9 years ago '09        #2
Lil Jay 30 heat pts30
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dra.. who?!
 9 years ago '04        #3
young_emay 
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isnt that a ps3 game?
 07-28-2009, 03:30 PM         #4
Jerseyelite89 
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damn deals like this make puffy turn in his grave....what puffy's not dead?
 9 years ago '09        #5
Lil Jay 30 heat pts30
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 young_emay said:
isnt that a ps3 game?
i wasnt sure.... thanx tho ... I think youre right...
 9 years ago '09        #6
Lil Jay 30 heat pts30
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 9 years ago '06        #7
quintan 
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i work at target cause n we have rebirth and baby cd have dates for release for 8/18
 9 years ago '04        #8
GoldynChyld421 
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Good sh*t for Drake... ESCAPE THE r*pe!
 9 years ago '05        #9
clevel216 
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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
 9 years ago '04        #10
GoldynChyld421 
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 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...
 9 years ago '05        #11
Gotti211 1 heat pts
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 Lil Jay said:

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 9 years ago '06        #12
01seay 84 heat pts84
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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.....
 9 years ago '09        #13
UrbanEnterprise 89 heat pts89
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 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
 9 years ago '05        #14
DymeKatcha 6 heat pts
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Damn Drake raping they a.ss...good sh*t.
 9 years ago '05        #15
CallmeJR 1 heat pts
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 UnFaZeD said:
:rolll augh:
i did the same fu*kin thing. Like GET THE FUCCK OUTTA HERE
 07-28-2009, 08:11 PM         #16
ElMarroAfamado 
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 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
 9 years ago '06        #17
Jaguar34 4 heat pts
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Ignoring the hater...

How does Cash Money profit of this? It seems like he's getting...everything.
 07-29-2009, 12:59 AM         #18
HeavenlySword 
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thats what happens when you can put all your degrassi money into a project and make it pop off.....
 9 years ago '04        #19
DJ Maximum|M 51 heat pts51
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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
 
 9 years ago '04        #20
Calamity 8 heat pts
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"lets hurry up and get that new birdman album out there to feed off drake's momentum" lol
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