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Kanye owns 100% of Yeezy. Adidas produces & distributes them. He gets royalties of 15% of the sales and it's closer to 10-11% after expenses.
Basically, Kanye makes 10c for every $1 in Yeezy sales.
AKA didn't even have a contract secured. He stood absolutely no chance.
Basically, Kanye makes 10c for every $1 in Yeezy sales.
AKA didn't even have a contract secured. He stood absolutely no chance.
Being a great artist doesn't mean you have the business element on lock.
Meg the Stallion received a $10k signing bonus and the label negotiated 60% of all royalties ++ exclusive rights to her music!!
If she decided to feature in a track, her label took a 30% commission.
Meg the Stallion received a $10k signing bonus and the label negotiated 60% of all royalties ++ exclusive rights to her music!!
If she decided to feature in a track, her label took a 30% commission.
If you're new money securing the bag (most of us) you have to keep your crew tight.
Advisors, hanger- ons & agents will fuck you. Forget about verbal contracts.
Look at Allen Iverson, Mike Tyson & Diego Maradona. Rockstars with terrible management.
Advisors, hanger- ons & agents will fuck you. Forget about verbal contracts.
Look at Allen Iverson, Mike Tyson & Diego Maradona. Rockstars with terrible management.
