T.I. Makes His Label Demands
Former Atlantic Records hip-hop star T.I. isn’t trying to hear any conversation about signing with any new label if they aren’t talking the right amount of money. During a recent radio interview, Tip made it plain that he knows his worth and only wants to discuss signing with a label that understands how many ways he generates revenue.
“I am currently a free agent. Everything’s coming out my pockets. Y’all do me all the favors you want to,” he told 94.3. “There’s nothing wrong with a helping hand. [laughs] You know what the problem is, nobody wants to pay fair market value. I done went into all the distribution houses, the Sony‘s, the Universal‘s and the Warner’s of the world and it’s across the board. The consensus is pretty much unanimous, they want to be in business, they just don’t want to pay to be in business. And so I’ma tell you like this — you might be able to catch you knows who’s out of you knows where but you ain’t gonna be able to get no ‘King’ on your roster, man or anything less than eight-figures. I’m just gonna tell everybody, let that be a message to you. I can nickel and dime myself to where I’m going.”
“You got the recording industry, publishing, you got touring, you got merch, you got film, you got television, you got fashion, you know what I’m saying?” he continued. “Technology. That’s eight areas of business, right now currently, that I’m generating streams of revenue from. If you feel like you want to participate in all eight of those things, it’s going to cost you about 50, 60 million [dollars]. But if you only want one or two of those things, then come to the table with 12 or 15 [million dollars], we can talk about that too.”