So what you guys are trying to say is that Chief Keef has not signed a 6 million dollar deal?
That he doesn't drive Ferrari's? That he doesn't have stacks of money taller than ****?
That he doesn't do a lot of shows?
I think you guys are the ones living in the hater bubble.
---------- Post added at 04:02 PM ---------- Previous post was at 03:58 PM ----------
And if millions of dollars and being as famous at this point as Kanye or Weezy doesn't impress you, then I believe you need a reality check.
The other posters are talking to you the way they are because they know what goes into having a major record deal and what that 6 million dollar number represents. Read this blog by Steve Albini, a rock producer. It's alittle long and applies to rock bands but is even worse now for rappers
The Problem With Music :Negativworldwidewebland
And just as a rebuttal to what you said about fame. I don't think even Kanye wants to be as famous as he is.
Now onto the money
That $6 mil involves a lot of different things. It involves his ADVANCE, maybe a signing bonus, his album BUDGET, seed money for
a BOUTIQUE label, ADVANCE for tour support, ADVANCE for merchandise, so on and so forth
Its not like jimmy Iovine gave him $6 mil in a 6 duffle bags and said go make me an album. Most of that is promised money depending on certain things happening.
Now talk about what he lost.
Masters rights on all his music including I don't Like and Love Sosa and Understand Me.
85 or 90% of the profits from sales of his singles and albums
10% or more of his show money
10% or more from Merch Money and possibly sponsor money
Now if we assume some of that money has to be spent setting up and employing for his boutique label. He might be left with like 3 mil
So let's be generous and say he has a $3 mil advance if you add up his tour support advance and his Merch advance. Well he has to pay is manager $300,000 and his lawyer at least 150,000 off top. He has to spend some of that money buying the Merch there going to sale and planning the tour. So all that added up is like 1.5 mil if we're being generous. So he now has 1.5 to give half to uncle sam which leaves 750,000. And these are very generous assumptions
Consider the fact that every time he sales a single he gets paid 10 cents. And that ten cents will be used to pay inter scope BACK the $3mil advance he now owes them
Every time he does a show. He's gotta subtract tour expenses, 10% manager fee, 10% booking agent fee, 10% interscope fee, % percentage
witheld to pay back tour advace. And 50% to uncle Sam.
When you add all these up and compare to the pics you posted. Either he's A:
A dumbass spending all his money now with no income in the future
running up his newly found black card
Or B:
Renting the cars
taking pics w/ money b4 the fees and taxes
running up his newly found black card
So that's why the other 2 posters are being patronizing. Both those situations aren't desirable for a man in Chief Keefs position right now. It's all a marketing facade to perpetuate the idea of a hood boss being smatter then the average bear. When in reality he's got almost as many finance issues as his grandma had in the hood.