News

Chance The Rapper Is Turning Down $10 Million Advances After Grammy Wins

By Daryl Nelson
pixel_start

Chance The Rapper has been turning down a lot of money from record labels. Even more so after his recent Grammy wins.

According to reports, Chance has rejected eight figure advances because he wants to remainĀ an independent artist.

"Every label is still trying to get him," said an industry insider. "He's making too much on his own. He was turning down $5 million advances before, and now it's like $10 million. He may do something with Apple but not a label, per se. He's going to remain independent.
In December, The Coloring Book creator explained that he wanted to blunt the power labels have over artists.

"I wanted to give the idea of freedom back to artists, and one of the biggest things is control of how you release your music," he explained.
In a separate interview with Vanity Fair, Chance said that he makesĀ his money from touring and merchandising. So despite turning down millions, he probably won't be going broke anytime soon.

In fact, it seems like he may have broke the system.

pixel_end
Posted In: News Chance The Rapper

Discuss

News 50 Cent Mocks Floyd Mayweather's Reaction To T.I.'s Gucci Blackface Diss 50 Cent Mocks Floyd Mayweather's Reaction To T.I.'s Gucci Blackface Diss / News News Report: Ralo Laughed At Fed's Deal & Could Be Out In A Year Report: Ralo Laughed At Fed's Deal & Could Be Out In A Year / News News 21 Savage Addresses The Memes That Made Fun of Him For Being British 21 Savage Addresses The Memes That Made Fun of Him For Being British / News News 50 Cent Reacts To Cop Trying To Have Him Assassinated 50 Cent Reacts To Cop Trying To Have Him Assassinated / News News Michael Rapaport Goes Off On Meek Mill For Not Being Good Michael Rapaport Goes Off On Meek Mill For Not Being Good / News News Boosie Badazz Weighs In On Tekashi 6ix9ine's Rat Turn Boosie Badazz Weighs In On Tekashi 6ix9ine's Rat Turn / News