Advertisements

Chief Keef Interscope Deal Worth $6 Million

Documents from Chief Keef’s probation violation hearing show that the Chicago native inked a $6 million deal with Interscope. According to DNA Info, the deal covers three albums, but the 17-year-old rapper won’t be able to spend the money until he turns 18.

The documents also show that Chief Keef was given a $440,000 advance that was split into two parts, the second coming when a judge signs off on the deal. Chief Keef was given an additional $300,000 to record his debut, “Finally Rich,” but Interscope can nix the deal if it doesn’t move 250,000 copies by December 2013. The album has sold 106,000 copies to date.

The $440,000 advance was also included in a deal Interscope made with Keef’s label, Glory Boyz Entertainment, which the rapper and his manager, Rovan Manuel, received $180,000 each. Interscope can also drop the deal with GBE if the group’s losses exceed $4.5 million.

Source: TheSource

Advertisements
1 comment

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: