Court Releases Details Of Chief Keef’s $6 MILLION 3 Album Record Deal

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 5 years ago '06        #21
pa_general 134 heat pts134
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The GBE operating agreement calls for Chief Keef and Manuel to each own 40 percent of the record label, a subsidiary of Interscope.

Derrick Coleman, who raps under the name Fredo Santana, was paid a $40,000 advance and received 10-percent interest in the label. Chief Keef's uncle Alonzo Carter and Anthony H. Dade also each hold 5-percent ownership of GBE, according to court papers.

The contract also calls for Interscope to pay GBE $200,000 for "overhead" expenses, which include office, travel, entertainment and "salary cost" and additional money for marketing, according to the contract.

GBE and Interscope will split profits equally. Interscope Records, however, can terminate the Glory Boyz deal if losses exceed $4.5 million, according to the contract.

Despite his plea for "one more chance," a Cook County judge last week ordered Chief Keef held in juvenile detention for violating his probation on charges he pointed a gun at Chicago police officers.

On Jan. 16, the mother of the rapper's daughter filed a motion seeking immediate temporary child support for the girl.

The toddler, who Chief Keef calls "Kay Kay," has a song named after her on "Finally Rich." She also makes a cameo appearance in the rapper's YouTube video for the song, "They Know."

Chief Keef is set to appear before a judge on his probation violation on March 14, when he could be released from custody. A judge is set to rule on the Interscope deal on April 16.



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 5 years ago '04        #22
justinjones 307 heat pts307
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 keejee said:
when keeping it real goes wrong

this has "hit" written all over it. n*gga just had to show up to his video shoot. SMH.



he still gon sell 250+ tho
he already seem like he scrapping the album already with bang 2 so

i would be more sure if he was pushing hate being sober or at least showed up to the shoot
 5 years ago '11        #23
KingP1n 342 heat pts342
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 44wade said:
Looked like it flew off when he was beating mike knox's brains in.

Them scavengers like yayo scooped it up.
It didn't fly off.
Kidd Kidd snatched it...
 5 years ago '10        #24
TheMindOf 21 heat pts21
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He won't make it to 250k

His sales are declining by like 40% a week.

He moved like 6k last week and that number is steady declining

Not to mention all the singles are already out, so I don't know where this "sales boost" is gonna come from

Game over.
 01-23-2013, 11:56 AM         #25
Nasty Neighbor 
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 TheMindOf said:
He won't make it to 250k

His sales are declining by like 40% a week.

He moved like 6k last week and that number is steady declining

Not to mention all the singles are already out, so I don't know where this "sales boost" is gonna come from

Game over.
he sold 7k last week
 5 years ago '12        #26
YoungKazzy 53 heat pts53
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over 100k sold and theres 12 more months left to double that lmao keef haters LOST
 5 years ago '06        #27
Yung Dilla 1479 heat pts1479
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 SM said:
Chief Keef’s deals all depend on album sales. If “Finally Rich” doesn’t sell at least 250,000 albums by December 2013, Interscope has the right to pull the plug on subsequent album releases — two albums and a compilation of hits, according to the deal.

Where is he at now?
 5 years ago '04        #28
justinjones 307 heat pts307
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 Yung Dilla said:
Where is he at now?
106k

it'll be around 111 by next week and then it'll just be 3k or less until he gets another single out there(2 chainz) or his fanbse is that loyal(game).

meek mill is not selling 3k right now so its not guaranteed that keef can keep that pace for 11 months without another single. which i don't know which single that is since he punted on "hate being sober"
 5 years ago '07        #29
ttime236 38 heat pts38
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 YoungKazzy said:
over 100k sold and theres 12 more months left to double that lmao keef haters LOST


They scraping the deal since he aint meet his quota
Little kids looking up to keef lawse
 5 years ago '12        #30
YoungKazzy 53 heat pts53
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 ttime236 said:


They scraping the deal since he aint meet his quota
Little kids looking up to keef lawse
are you blind or retarded? which one ?

he has another 12 months to reach 250k he will get that before summer guaranteed. 6 milli sh*tting on your mother you hater
 01-23-2013, 12:52 PM         #31
Nasty Neighbor 
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hate bein sober doesn't need a video that sh*t just needs to catch on somewhere and its a wrap

not to mention he has ANOTHER fu*kING MIXTAPE coming out which will most likely boost his sales as long as he promotes finally rich on it

if he sells at least 3,000 records each week from this point forward he'll be around 250,000 records sold by december


Last edited by Nasty Neighbor; 01-23-2013 at 12:55 PM..
 01-23-2013, 01:00 PM         #32
WordOnThaStreet 
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^^^ lol keef stans LOST!! he not hitting 250k hahahahahaha
 5 years ago '07        #33
ttime236 38 heat pts38
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 YoungKazzy said:
are you blind or retarded? which one ?

he has another 12 months to reach 250k he will get that before summer guaranteed. 6 milli sh*tting on your mother you hater
 5 years ago '10        #34
ReelCeasar 182 heat pts182
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I think he'll get to 250k...that aint sh*t really...wait till they do the vid for hate being sober...
 5 years ago '04        #35
King Capo 8 heat pts
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That's y these bx n*ggas mad at him for
 5 years ago '12        #36
The Infamous1 13 heat pts13
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Unless he has a song on there that's gonna end up being the biggest track of his career and a massive hit once it's released as a single...i dont see it, cause the way it's looking now, he'll sell in the 2k-6k a week range for another month or so and then prolly fall off the charts.
 5 years ago '12        #37
YoungKazzy 53 heat pts53
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You dumb fu*ks do realise there will be a tour when he's released.
 01-23-2013, 02:12 PM         #38
Minister 
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dont matter.
 01-23-2013, 02:13 PM         #39
CIDF 
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Smokin on the gas like citgo
 01-23-2013, 02:14 PM         #40
CIDF 
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Rick ross almost single handedly ruined finally rich for me. all he needed was a few kenn beats, a gucci feature, and to take off laughin to the bank and it coulda been classic. the label fu*ked him over by picking every song he mentioned tadoe and mollys
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