he didnt diss themthe dumbass who was dissing 2pac and Biggie?
How does Lil Yachty not know who owns his publishing
- Thread starter Standing on business
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Exactly, African-Americans as a whole are terrible with money and never look at the bigger picture. The financial illiteracy of athletes and entertainers is just a microcosm of a bigger problem in that community.
That's why they will always be at the bottom of the barrel in society.
Why are there so many pocket watchers on thecoli? 
You guys think Yachty is the first rapper with a bad deal.. half of the cornball rappers rappers this board stans have horrible deals and are broke
You guys think Yachty is the first rapper with a bad deal.. half of the cornball rappers rappers this board stans have horrible deals and are broke
Lets be honest. Alot of us are just not used to having money. Alot of us have been broke for so long we don't know what to do with money when we get it. We're not taught about the essentials of ownership or entrepreneurship. Owning things that increase in value is essential for growth and security in this capitalistic society. The problem is rap has this mentality of living fast and Yolo and all that...not building anything for the future.
Which is why I hated when Tyler the Creator dissed Dr. Boyce Watkins, one of the few upstanding black men out there who teaches financial literacy and wealth building classes aimed at the black community.
I salute the rappers who own their publishing, Masters, and their careers that are actually teaching the younger generations, but it saddens me to know that they are few and far between. And the whole "rappers aren't the only ones that are struggling" mantra is played. Last time I checked most of these rock bands, djs, and whatever are white and have majority fan bases and benefit from white privilege. They have safety nets so they can manage to take losses and still survive with some semblance of financial security intact. Cause they own the labels, the promotion companies, the publishing firms, the legal firms...etc. we dont.
MeatLoaf, Ted Nugent, Guns n Roses, The singer from Twisted Sister, Lamb of God and Sevendust.
Rock in general you have Billie Joel, Willie Nelson, Jerry Lee Lewis, half of Fleetwood Mac, Goo Goo Dolls, Leonard Cohen, Courtney Love and Pete Doherty.
Countless indie bands got put in horrible deals as well and wound up broke.
But none of these people you mentioned are struggling financially today...
I wonder why?
Nigerianwonder
Superstar
This is not surprising. The ignorance these rappers are pushing these days is dangerous. It has never been cool to get finessed or not be on top of your business. Remember young thug didn't know who he was signed too either which is why it took forever for his debut album to drop.
LiveFromLondon
Superstar
I dont think you understand dude..... they administer his publishing, says in the article
meaning they collect on behalf for him... he still owns it
LiveFromLondon
Superstar
My angle is that Jay don't get 100% royalties, Warner/Chappell see's a piece of it, somewhere 25%+ at least.
he owns his royalties.... you can do a deal where a company administers on your behalf meaning that they may charge a percentage of what they collect, this is different from them owning a percentage of your royalties....
when the deal expires they stop collecting a fee, while if they own a percentage of your royalties they get paid forever....
clear difference
Right, this is no different than owning lots of properties and having a property managing company Oversee it
These kids like Yachty are flash in the pan artists who lucked up. He doesn't know how the industry works so he's easy to exploit. The artists who spend more time grinding before they find success better understand the business and know their worth. Chance remaining unsigned and winning hopefully opens people's eyes to ownership.
That Boyce/Tyler situation
. Tyler was immature and disrespectful but he is on point with his business.
LiveFromLondon
Superstar
Thats the point I'm making, he don't see 100% of publishing royalties, my bad, shoulda been more clearer
dude has no excuse, not in this day and age
all the information is readily available...
I sorted out my brothers plumbing just by looking at videos on youtube and my DIY skills are basic... all the information is out there if you can be bothered
The reason why Don King was so successful at getting boxers to sign for him even though he was known as being a big crook is that he would show up at the meeting with a big bag of cash and blank contracts for the boxers to sign, his psychology was they wouldnt be able to resist signing a wack contract when they could walk away with a big bag of more cash than they had ever seen in their life...
Thats how these guys get hit for their publishing , they get gifted a couple hundred thou a chain and a Bentley and theyre ready to sign their life away
all the information is readily available...
I sorted out my brothers plumbing just by looking at videos on youtube and my DIY skills are basic... all the information is out there if you can be bothered
The reason why Don King was so successful at getting boxers to sign for him even though he was known as being a big crook is that he would show up at the meeting with a big bag of cash and blank contracts for the boxers to sign, his psychology was they wouldnt be able to resist signing a wack contract when they could walk away with a big bag of more cash than they had ever seen in their life...
Thats how these guys get hit for their publishing , they get gifted a couple hundred thou a chain and a Bentley and theyre ready to sign their life away