Album Budget: Money used to pay for studio time, producers, and other expenses during the creating of album: $300,000.

Advance: Upfront money that is paid directly to a recording artist: $440,000.

Note: “Finally Rich” has sold 192,137 copies as of August 1, 2013 31, 2013 in order for Interscope to continue to release Keef’s music

Must sell 250,000 copies of debut “Finally Rich” by Dec.

In a recent article by Chicago, Keef’s lucrative deal was broken down in ways most people outside the industry rarely see.īelow, I have simplified and broken down the deal so that aspiring artists/record label owners know what to look for and negotiate when the time comes. Records, in 2011, A$AP Rocky’s deal with Sony/RCA Records/Polo Grounds gave him $3 million and the ability to form his own label A$AP Worldwide, and most recently Trinidad Jame$’ $2 million and Chief Keef’s $6 million deals, respectively.īottom line is that you get what you negotiate and despite the hate Chief Keef frequently receives, he got exactly what he wanted.

Recently, we have see Drake form his own label through Warner Bros. Record deals come in two forms these days: 360 deals or joint venture label deals. – Macklemore & Ryan Lewis (“Jimmy Iovine”) So shit, after taxes you and Ryan have 7% to split” We’ll get a third of the merch that you sell out on the roadĪlong with a third of the money you make when you’re out doing your shows “We’re a team, 360 degrees, we will reach your goals! 1 million followers do not translate into $1 million dollars. One of the beauties of seeing your music reach maximum attention gives you the ability to understand your fan base and value your worth as a musician. Those who have generated organic, viral fans bases rather than spamming people on Twitter and Facebook have seen the greatest reward.

The truth of the matter is that maybe you are better, but you are failing to make the necessary connections in order to enhance your career. In recent years, the phrase, “How did get a record deal when my flow and lyrics are so much better” has been said one too many times. “In business it’s about who wants you the most”

Chief keef albums sold worldwide