T-Pain was a big enough artist that I could believe he got a 8 figure advance. Music was still making a lot of money in the mid 2000s, early 2010s. It feels like music lost its value around 2014-ish
T Pain Says his label deal was 15/85 split with a 40 million advance
- Thread starter Apprentice
- Start date
It’s not a trap at all
Rev Leon Lonnie Love
damned mine eyes, DAMNED mine eyes!!
Is the 40M the total of all his advances in his career? Sounds unreal to be a debut advance
This man. I have no sympathy for these dudes blowing life changing money. $4 million in the bank you’re living like a doctor for life just off the interest. It takes zero effort With no “financial advisor“ to set yourself up for life with that much money.
$40 million say you get 1/2 take home, $1Million/year easy off interest.
WaveCapsByOscorp™
2021 Grammy Award Winner
It’s only a good deal if he made enough money from sales. An advance is just that; an advance. Not free money. Just money they’re giving you in anticipation of your sales
Nigerianwonder
Superstar
Dudes don't understand music business. They think advances are loans. They are not. Labels get the advance paid back through the artist future earnings. The risk is all on the label to recoup. Most times the never recoup and the artist walks away with the advance money.
The God Poster
LWO representa
The question Is when did he get the advance.
No label was giving an unknown 40mil it’s not like he was torching the mixtape scene. I’m assuming they restructured his deal after his 1st hit?
They think artist are in debt to the labels
Are you serious?
Not sure how many years it was but it don’t matter cuz dude said he blew the advance money
If u ask me tho this ain’t that bad of a deal, 40 million is hella bread and this is the late 00s
A $40 mill advance? Mans should’ve taken $20 mill is stashed it and used the other $20m for albums, producers and tours etc..
You're speaking on what he became after the deal. In 2003 for 18 y/o T-Pain this makes no sense.
A advance includes operating costs for recording an album. You aren't just banking 4M.
The deal itself sounds realistic (85/15) but the advance amount doesn’t.
I wonder if he’s talking about advances over a period of time and just adding it up. We already saw with Kanye’s contract that as long as your a viable artist the labels have no problem advancing you millions.
I wonder if he’s talking about advances over a period of time and just adding it up. We already saw with Kanye’s contract that as long as your a viable artist the labels have no problem advancing you millions.
Yup, he could have invested in stocks and some business.
Exactly. The labels depend of financial illiteracy to be present for exploitation. You have people like slick Rick who went to Jail after his first album but what he did with his first check is buy apartments and become a landlord. That's why he didn't come home broke from Prison and desperate. Labels can't pimp anyone that does their due diligence. They want people to blow the budget so they are locked them in.