News

Check The Details Of Lil Pump's Warner Bros Contract

By HHL JT

In June, Lil Pump signed with Tha Lights Global, an imprint of Warner Bros Records.

Now we have some details of what he's getting from the label.

Pump's debut album, the commercial mixtape Lil Pump, netted him a $345k advance. His smash hit "Gucci Gang" should more than pay that back, plus he gets 15 percent of all royalties.

It's a five-album deal, and his advances on albums 2-4 are between 200K and 400K, depending on how well the previous albums do. He can make up to 500K on the last album of the deal.

He also gets a cut of merchandising -- which suggests Pump is in a controversial 360 deal.

 A 360 deal is when the record label gets a percentage of all of the artist's revenue streams. So besides record sales, the label could get a piece of an artist's show money, his merchandise, his endorsements, his TV and movie appearances, etc. 

Many believe such deals exploit young artists.

On the other hand, Pump is a 17-year old with a limited vocabulary who just got a $345,000 advance.

Posted In: News Lil Pump

Discuss

News We Now Have The Complete Footage Of Bankroll Fresh Fighting & Getting Shot / News News 50 Cent Questions Atlanta's Manhood / News News Check Out The Real Life Keke From Drake's "In My Feelings" / News News Petition Wants Charlamagne Off Breakfast Club After Rape Allegation / News News Azealia Banks Got Clowned On So Hard On "Wild'n Out" She Cried / News News Boosie Badazz Accused Of Killing His Baby Mama's Brother; Other Nastiness / News