Apparently money Loves Sosa too.
Reports Vlad via The Source:
Documents from Chief Keef’s probation violation hearing show that the Chicago native inked a mind blowing $6 million deal with Interscope. According to DNA Info, the deal covers three albums, but the 16-year-old rapper won’t be able to spend the money until he turns 18.
The documents also show that Chief Keef was given a $440,000 advance that was split into two parts, the second coming when a judge signs off on the deal. Chief Keef was given an additional $300,000 to record his debut, “Finally Rich,” but Interscope can nix the deal if it doesn’t move 250,000 copies by December 2013. The album has sold 106,000 copies to date.
The $440,000 advance was also included in a deal Interscope made with Keef’s label, Glory Boyz Entertainment, which the rapper and his manager, Rovan Manuel, received $180,000 each. Interscope can also drop the deal with GBE if the group’s losses exceed $4.5 million.
I see said the blind man. And now…
This is EbenGregory.com…telling you wondering if he’ll get to 250K albums sold by Dec. 2013? What do you think TI?
What do you think Brittany?
What about you Kanye?
What do you think Snoop?
What do you think Beyonce?
What do you think Tyga?
What do you think Wiz?
What about MiMi?
Standing right next to the devil himself…chief got himself turnt OUT.
I’m surprised he’s sold 100k records this far. I will be keeping an eye on this ‘case study’ – Music deals gone bad.
That deal was a suckas deal…. they know that young man doesn’t have a clue about the industry,hell him being a minor they should’ve separated him form most of his unproductive homeboys! and if he does sell 250k units he will be broke before he’s 18! DID ANYONE WATCH ‘CADILLAC RECORDS” or any other movie about the industry?
The corporates tryin to kill him. Why else would they sign a non-talented 17yr old to a $6M deal & then “leak” the deal? MTV said his grandmother has the money in a trust fund til he turns 18. He’s from Chicago. Them little niggas out there already wanna kill him. They probably think a trust fund is in her house. Smh
YUP!
If he don’t straighten up a fool and his money shall be parted.
Them GIF’s doe…LMBAO.
Rapper dudes Pop Plenty of sh!t..its Good to see some Actual #’s…. for tht should Help the next person w/ there Deal…
Ppl Lie..#’s don’t…?
http://t.co/OSMwUD8m
Only a LAME would leak that information.. That’s fucked up. What was the point of that ??