Meek Mill is making an attempt to side-step the music business by working straight with monetary establishments, reasonably than Rick Ross, JAY-Z and labels comparable to Maybach Music Group and Roc Nation, to finance his new imprint.
On Monday (March 11), Meek Mill authored a prolonged rant on Twitter (X) each outlining his plans to create a brand new, impartial document label whereas additionally highlighting his profession earnings, which he claims has accrued to greater than $100 million. He began off making his case by referring to the success he and Drake had been in a position to create upon reconciling and delivering “Going Dangerous” in 2019.
“What financial institution can I do music enterprise with, the overhead on making music is low,” Meek Mill wrote partially. “Working a undertaking can price as much as 5m for me and one hit track could make 25m like ‘going dangerous did’ common hits 10m at low… we don’t get knowledge from labels how a lot cash every track made quarterly.”
He continued, “How are you going to really negotiate a deal in the event you don’t understand how a lot you streaming in {dollars} month-to-month … many of the occasions artist get confused in enterprise and lose their inventive spark.”
How are you going to really negotiate a deal in the event you don’t understand how a lot you streaming in {dollars} month-to-month … many of the occasions artist get confused in enterprise and lose their inventive spark
— MeekMill (@MeekMill) March 11, 2024
In one other tweet, Meek Mill went on to deal with his relationship with Ross, claiming he made greater than $100 million in income regardless of signing what he recognized as a “dangerous” deal at 18-years-old.
“To all American banking … I’ve a historical past on paper of accumulating over 100m in revenue with music I made with my ip,” he wrote. “I signed a foul contract once I was 18 it final til I used to be 32 years outdated … Ross did some good enterprise with me however I need my cash from banks!”
He adopted that message up by firmly doubling down on his perception he doesn’t want the cash labels are providing him as a result of he’s now savvy sufficient to know how one can generate income on his personal.
I’ve been dealing with thousands and thousands because the age of 23 … I’ve 10 different companies I don’t want my cash from simply labels I wanna construct my very own … I might associate with a current label however I nonetheless need my cash from a financial institution or investor! Music is simply too straightforward to generate cash for me!
— MeekMill (@MeekMill) March 11, 2024
In a subsequent tweet, Meek Mill admitted neither he nor Ross actually understood the scope of what their enterprise throughout the music business appeared like from an funding standpoint.
“I used to be simply hungry,” he wrote. “I don’t suppose it was Ross fault both I don’t suppose none of us understood the enterprise like we do now from 2011 … he was my energy marketer I requested him to get me on television as a result of I knew what I might do…. He invested in my early salute!”
I used to be simply hungry… I don’t suppose it was Ross fault both I don’t suppose none of us understood the enterprise like we do now from 2011 … he was my energy marketer I requested him to get me on television as a result of I knew what I might do…. He invested in my early salute!
— MeekMill (@MeekMill) March 11, 2024
Ultimately, Meek Mill went on to make clear that he and Rozay are on—and have all the time been—good phrases in relation to enterprise, tweeting, “Don’t get it confused me and Ross dealt with the enterprise and nonetheless getting cash from each path.”
Don’t get it confused me and Ross dealt with the enterprise and nonetheless getting cash from each path!
— MeekMill (@MeekMill) March 11, 2024
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