In today’s era of hip-hop, we see stars blow up at such young ages and sign deals with major record labels that they often don’t know the specific terms of their deals. Many sign 360 deals and get money up front but don’t realize how much control the labels have throughout the process.
Master P discussed this topic during an interview on Big Boy’s Neighborhood and one artist in particular he brought up was fellow Louisiana rapper NBA Youngboy. Youngboy is currently locked up for his alleged involved in a Miami shootout against Tee Grizzley’s entourage during Rolling Loud weekend this month. His next hearing is June 21.
P mentioned how Youngboy is the top streaming hip-hop artist on YouTube right now but sees that he has a $2 million deal for five records. P added that these deals are tax write offs for the labels and artists “sell their soul for a 360 deal that they have no knowledge of.”
Hopefully a lot of these artists get put up on game about the business aspect of the music industry. Some are well aware such as Young Dolph who choose to stay independent and don’t let the labels have so much control over their careers once they get the money. Flip the page to watch Master P discuss NBA Youngboy and record deals.