- 4,819
- 1,049
- Joined
- Aug 29, 2010
Probably the next location for the Roc Nation brunch
Follow along with the video below to see how to install our site as a web app on your home screen.
Note: this_feature_currently_requires_accessing_site_using_safari
Probably the next location for the Roc Nation brunch
I saw a lot of y'all discussing Drake's deal in the other thread and claiming he has the best deal in the industry, LOL. In fact, he got screwed over by Cortez so hard that he couldn't wait to drop him as his manager when the four-year maanagement deal was over (he hired Future the Prince & Oliver Khabsds).
Drake is signed to Aspire (Cortez), Young Money and Cash Money, who all own 33% each of his masters. Drake has a standard 18% royalty fee deal, which he gets after his a couple hundred thousand dollar advance is recouped.
How did Cortez screw over Drake? He signed him to exclusive management and recording agreements (blatant conflict of interest), which gave Drake nothing but a promise that Cortez will find a major label, in return for ownership rights to Drake's future master recordings to Cortez. Cortez then turned to his other management client Wayne (blatant conflict of interest, again) and cut a deal where he retained 33% of the masters and YMCMB got the rest.
And the deal explicitly says that no one can sell a copy of a master without the permission of Cash Money Records, so no Drake didn't drop this latest project without Birdman. Stop it.
Source:
http://www.entlawdigest.com/2012/07/27/Drake.pdf (the last letter from Drake's attorney trying to get out of the deal is hilarious and ****** up in so many ways)
https://en.wikipedia.org/wiki/Aspire_Music_Group
I'll sacrifice if I have to, I gotta stay with the family.
1.4 million sold. No video. No interview. No promo. No physicals capies. Geez
Artist don't really get earnings from record sales anyway, that's jas and birdmans issue they gotta workout (birdman ain't paying them ****).
Just looking and drakes celebrity and sold out world tours, I would assume money is not an issue. He probably has more than Wayne at this point.
I always thought Drake could have been the guy to break the old model and go indie.
They had "Best I Ever Had" rocking with no major label.
But the same dudes that set that up were probably looking to cash out.
Thiscan someone direct me to 40's am mix (OVO 40th ep)
dont have apple music
I always thought Drake could have been the guy to break the old model and go indie.
They had "Best I Ever Had" rocking with no major label.
But the same dudes that set that up were probably looking to cash out.
I thought he could have been completely broken off from YM/CM after Take Care. He really had no reason to be affiliated with them after the success of that album.
Yeah Best I ever had was a tricky situation kind of.I always thought Drake could have been the guy to break the old model and go indie.
They had "Best I Ever Had" rocking with no major label.
But the same dudes that set that up were probably looking to cash out.
I always thought Drake could have been the guy to break the old model and go indie.
They had "Best I Ever Had" rocking with no major label.
But the same dudes that set that up were probably looking to cash out.
Yeah Best I ever had was a tricky situation kind of.
Because he wasn't signed to a label, but he was signed to Cortez's Aspire management group, who also managed lil wayne. So they were using YM/CM money and push to get Best I ever Had out there. Essentially Drake was independent at the time, but Best I Ever Had was a Cash Money record so there was literally no way he wasn't going to sign to cash money after signing to aspire.
IMO, I don't know anything lol but from what i've read and gathered.
I'm curious to know how Rihanna got ownership of her masters in such a short period of time. Like what kind of record deal do her and Beyoncé have. I know Beyoncé came in the game with her dad who knew the business but Rihanna came straight from overseas signed to a major, and now has ownership of her work. That's not normal.