this is why i say R&M owe the successes of their show to the JBP. Look how quickly they got a deal after the fallout and their "competing" for the same demo. Rory sees this...Mal is an entitled breh who grew up with money, he dont see that. What type of nicca hides laundry detergent???
The Official Joe Budden Podcast Thread
- Thread starter Kidd Dibiase
- Start date
STAN JONES
Fire John Harbaugh
Ish should be one of the last people giving babymama advicethat nikka gonna take ish advice and not his his kid again cause he hurt she got a man now
You are forgetting this little part about Joe bringing them on as equity partners, meaning that they wanted to audit their own business. Specially the Israelis that Joe had handling the guys numbers. And the pod obviously made money from YouTube views, plays on various dsps and also, most likely, payola.
Also how was Joe putting more money on the line as the rest of them? As far as fumbling bags, that probably hurt more for the other dudes than Joe.
Imo they just owe their success with the other show due to the fact that nobody gave a fukk about them until Joe invited them to building themselves on the back of him. Still doesn’t mean he wasn’t an a$$hole and con artist.
FukyourFort
All Star
Just because time has passed doesn't mean y'all get to change what happened lol y'all making up shyt now
CoolinInTheCut
Superstar
this never happened. this whole thing started with Rory asking for equity several times, and Joe turning him down several times.
then he started getting passive aggressive on the pod and started counting pockets.
EzekelRAGE
Superstar
I think ppl use the term "equity partner" wrong. Equity partner means you own a piece of the business, doesnt it?
I think dude was referring to rory/mal getting 1% of revenue or some shyt, which is not the same as equity partners, imo.
Who do you think foots the bill for all the expenses? It's not Rory and Mal. They dont have a care in the world except show up and pod.
CoolinInTheCut
Superstar
Exactly. You're a shareholder if you're an equity partner. Being a shareholder is completely different from being a participant in a RSA (revenue sharing agreement).
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Of course I’m using it loosely. But the fact is that they were significant partners in distribution of the profit which is restated in the equity.
I’m using it in the same way as in a law firm, in most other instances it’s a meaningless term. But let’s call the non-equity partners, your payout is still based on the companies profit. Why would you, say a black dude from Harlem, trust Ian Schwazzermann or whatever his name is and “the same people who do the audit for major labels”.
On the one hand people will say, these rappers are stupid trusting those people. On the other hand they are now saying, how can you ask the cacs to see your own own contractual bread
Of course I’m using it loosely. But the fact is that they were significant partners in distribution of the profit which is restated in the equity.
I’m using it in the same way as in a law firm, in most other instances it’s a meaningless term. But let’s call the non-equity partners, your payout is still based on the companies profit. Why would you, say a black dude from Harlem, trust Ian Schwazzermann or whatever his name is and “the same people who do the audit for major labels”.
On the one hand people will say, these rappers are stupid trusting those people. On the other hand they are now saying, how can you ask the cacs to see your own own contractual bread
that is not how business works. either you're an equity partner or you aren't.they still got overpaid which is what Joe has been saying since day 1 of this fallout. R&M pretty much admitted to that on wax when they addressed it.
If it is an LLP yes, as in law firms. Joe Budden productions is an LLC, so this partnership shyt is just for for sake over conversation.
they still got overpaid which is what Joe has been saying since day 1 of this fallout. R&M pretty much admitted to that on wax when they addressed it.
R&M had a profit sharing deal with Joe Budden productions for the JBP. Profit is restated in the equity as retained earnings after dividends and some other things, therefore loosely speaking equity partners in terms of sharing the profit. But in reality, no partners exist as it's not a partnership. And no they do not have voting rights. Let's call it profit partners instead.
They said they were underpaid, Joe says overpaid. Joe doesn't want to show the profit partners, the profit. Then said "the same people who handle the numbers are major labels, handle mine". The old Joe would flame himself for 4-5 episodes straight for saying some shyt like that.
It's literally like telling an artist that they will remove his sales and box office numbers from being reported, pay them an arbitrary figure and say you are overpaid. Would you keep the same energy
STAN JONES
Fire John Harbaugh
Oh lord,yall back debating this Rory/Mal bs again 
just let it go fellas
just let it go fellas
gldnone913
Integrity and Consistency
Oh lord,yall back debating this Rory/Mal bs again
just let it go fellas
nikkas personally invested at this point, but nobody knows any of these mufukkas
TheOptimisticCynikal
All Star
At the end of the day, I think everybody "won" in a weird way after falling out.
Joe got new co-hosts that understand their position and role also seemingly give more far as their personal lives for content
Rory and Mal got to be real owners of their own podcast and can go with whatever creative decisions and ideas Joe used to shoot down. Once Mal can hold off on being 'too cool' for a moment, I can see him and Joe having a sit down.
Joe got new co-hosts that understand their position and role also seemingly give more far as their personal lives for content
Rory and Mal got to be real owners of their own podcast and can go with whatever creative decisions and ideas Joe used to shoot down. Once Mal can hold off on being 'too cool' for a moment, I can see him and Joe having a sit down.
gldnone913
Integrity and Consistency
I agree w everything but the too cool for school thing w Mal. It sounds like has every right to feel disrespected. Parks admitted that Joe was talking crazy to him. Normalize intolerance to disrespect lol
TheOptimisticCynikal
All Star
I can definitely understand this stance, but I'm sure Joe is ready to apologize and make amends for that. As someone who's very aware of the mental stuff and trauma he has and knows how it affects how he interacts with people, he doesn't seem like someone beyond admitting when they're wrong.
Besides, it seems like most of his friends know and understand how it is with him cause if I'm not mistaken, him and Ish had a period of not talking with each other. But at the same time, I understand and respect if people refuse to accept apologies or reconciliation after disrespect.