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The Weeknd Turned Down A $7 Million Album Contract Deal
@Gibzen Louis Gibzen
Turning down a $7million album contract. That’s Swag! After Echoes Of Silence that offer will double.
14 hours ago via webhttps://twitter.com/#!/Gibzen/status/139906122697031680
OvOxO
They just winning and Winning.
Like The weeknd just crazy
CANADA taking over this music industry.
6 Comments
7 million!!!???
being that he is affliated with Drake helps add to his value from the record labels imo
The weeknd mixtapes do crazy download #s so it sounds like their is some truth to this.didnt drake sign for 4 million?
I never heard of this guy. Must be nice though
And nobody ever heard of Drake either in the beginning. 7 mill may sound nice but what’s in the contract? That’s what counts. F*ck the amount.
I was thinking the same thing Moor. Like what could possibly make a record co. want to give someone (or group) 7 million in todays “music economy”
Im thinking its probably some crazy 360 deal where they would be taking parts of everything. But to be honest, you dont need a record label more than you just need a loan. Marketing is pretty straightforward, the internet has equalized a lot of the “marketing power” record labels used to have.
get a loan, hire an ex music exec, come up with a marketing plan, hire a staff and a street team (if necessary), tour and promote. simple.
you could use the fact that a record label was willing to give you 7M as a bargaining chip to why you could at least command that much in a loan.