Part 2: Why Your Favorite Musicians Are Broke
Link to Part 1: https://youtu.be/2Ad1sNtqQ5Y
In Why Your Favorite Musicians Are Broke Part 1, we analyzed the 360 record contract deal and why that leaves so many artists broke.
In this video, I use a recent interview of Kreayshawn talking about her record deal, her hit Gucci Gucci, and how she had her bank account seized for not paying taxes in order to apply what I previously talked about to a real record contract.
Kreayshawn revealed so many great insights into her career as a major label artist after signing with Sony for $1 million on her podcast with Masked Gorilla. She had a really up and down career following the release of her massive hit "Gucci Gucci'. This song has reached 70 million views on YouTube and would have surpassed 100 million streams had Spotify and streaming been around in 2011.
She explains why she is still in debt to Sony for $800k, why she doesn't want you streaming her biggest hit, and why she believes the label shelved her future albums.
During the end of this video, I share an artist who is making a lot of money as an independent artist and how they're connecting with fans in a unique way to drive sales of concert tickets, albums, and merchandise.
Sources for research:
Masked Gorilla podcast: https://www.youtube.com/watch?v=P7Uqgqoaycc
Buzzfeed article about artists getting shelved: https://www.buzzfeed.com/azafar/what-happens-when-your-favorite-artist-is-legally-unable-to
Kreayshawn interview with Fader: https://www.youtube.com/watch?v=nz7NM2H3a0A
Lupe Fiasco tweets about Lyor Cohen: https://www.complex.com/music/2019/02/lupe-fiasco-atlantic-lyor-cohen-music-biz-cartel
Industry expert breakdown of Kreayshawn's deal: https://djbooth.net/features/2020-07-30-kreayshawn-contracts-recoupments-record-labels?li_source=LI&li_medium=m2m-rcw-djbooth
Ryan Leslie The Breakfast Club interview: https://www.youtube.com/watch?v=SJIr5IRB3UE
Ryan Leslie Pando article: https://pando.com/2014/11/20/with-the-help-of-ben-horowitz-rapper-ryan-leslie-wants-to-reinvent-the-record-label-for-the-new-music-economy/
Article about Speaks - ghostwriter for Gucci Gucci: https://www.complex.com/music/2011/11/the-rapper-who-claims-he-wrote-kreayshawns-gucci-gucci-talks-about-being-a-ghostwriter
---------- MY BOOK LIST ----------
https://docs.google.com/spreadsheets/d/15l6h6y87CVpZwtvPtgVtv37xKhCujiYcBsqDiM4zzNo/edit?usp=sharing
Tags:
how the music industry works,how the music industry works documentary,how the music business works,how the music industry screws over artists,music industry,music business,record labels,record label,how to get a record deal,record deal,360 deal,360 contract,how to get signed,how does the music business work,how to learn the music business,music business 101,music business explained,music business tips,360 contract deal,kreayshawn,kreayshawn gucci gucci
-
18:18
Spencer Cornelia
10 months agoI Helped SHUT DOWN a $108 Million Pyramid Scheme
3.18K2 -
1:11:40
Russell Brand
3 hours agoDISASTER For Joe! Establishment ready to DUMP Biden | NATO wants WAR! - SF 404
79.8K149 -
LIVE
Winston Marshall
3 hours agoPopulism THREATENS The Deep State: Here's Why…with Mike Benz | The Winston Marshall Show #021
2,215 watching -
LIVE
The Kevin Trudeau Show
15 minutes agoThe Answers To Health, Wealth, & Happiness | The Kevin Trudeau Show | Ep. 29
308 watching -
10:53
Dr David Jockers
2 hours agoCan Vegetables Cause Bloating?
3.08K1 -
58:46
The Dan Bongino Show
4 hours agoAnother “Conspiracy Theory” Comes True! (Ep. 2283) - 07/10/2024
396K991 -
1:21:01
Benny Johnson
3 hours ago🚨 PANIC: Pelosi Officially BACKSTABS Biden on LIVE-TV Over Joe’s BROKEN Brain | Media BURN Biden 🔥
55.6K118 -
1:16:33
Caleb Hammer
4 hours agoSelf Inflicted Victim Refuses To Live In Reality | Financial Audit
20.5K7 -
24:19
Steven Crowder
4 hours agoThe Civil War: American Masterclass with Historian David Barton | Louder With Crowder
75.8K272 -
1:09:25
Graham Allen
6 hours agoTrump Challenges Biden to a Golf Match at his YUGE Doral Rally! While Biden BABBLES at NATO…
52K106