Loyal Listener Text Club

Forgot Password

Not a Member? Sign up here!

WGFT-AM W234CH-FM Youngstown/Warren, OH

banner
banner
banner
banner
banner
banner
banner
banner

Music News

Drake signs a new record deal worth $400 million

Drake has reportedly signed a huge new deal with Universal Music Group that could be worth around $400 million.

On May 3rd, Variety reported that UMG head Sir Lucian Grainge confirmed Drake has inked a massive “expansive, multi-faceted deal” deal with the label that “encompasses recordings, publishing, merchandise and visual media projects.” According to industry sources, the deal could be worth $400 million or more, considering Drake’s track record at moving major units and bringing in unprecedented streaming numbers.

“Drake benefits from a deep catalog that performs well,” says one industry veteran. “Also he became a free agent at a young age.”

If Drake had gone the indie route, it would have spelled doom for the recording industry, according to music industry exec Steve Stoute, who predicted Drake would command a major paycheck back in 2020.

“I said this before, Drake is about to come out in the next six months,” the hip-hop mogul shared during the virtual SelectCon conference. “Drake is about to get the biggest bag in the history of the music business by far. Both A and B, they don’t want that to happen. Because the day that happens, they might as well close the business down.”

He added, “If Drake goes independent, the music business is over. If Drake goes independent, the music business is done.”


Now Playing

Birthday Club

Home Jams

Black Business Connect

Your connection to Black Owned Businesses, click here.

 

Black Business Owner? Register your business for FREE! Click here.

 

Obituaries

Sponsored By:

 

Click on the links below to view obituaries in these specific cities and funeral homes.

 

Youngstown

(all obituaries)

 

L.E. Black, Phillips & Holden Funeral Home

 

J. E. Washington Funeral Services

 

F.D. Mason Memorial Funeral Home

 

Sterling-Mccullough Williams Funeral Homes

 

Warren

(all obituaries)

 

Visitor Polls

How are high gas prices affecting your plans?
Add a Comment
(Fields are Optional)

Your email address is never published.

WFMJ Local News

UrbanBuzz.Com Music News