Meek Mill is making an attempt to side-step the music trade by working instantly with monetary establishments, fairly than Rick Ross, JAY-Z and labels corresponding to Maybach Music Group and Roc Nation, to finance his new imprint.
On Monday (March 11), Meek Mill authored a prolonged rant on Twitter (X) each outlining his plans to create a brand new, unbiased document label whereas additionally highlighting his profession earnings, which he claims has gathered to greater than $100 million. He began off making his case by referring to the success he and Drake had been in a position to create upon reconciling and delivering “Going Unhealthy” in 2019.
“What financial institution can I do music enterprise with, the overhead on making music is low,” Meek Mill wrote partly. “Working a challenge can value as much as 5m for me and one hit track could make 25m like ‘going unhealthy did’ common hits 10m at low… we don’t get information from labels how a lot cash every track made quarterly.”
He continued, “How are you going to really negotiate a deal in the event you don’t know the way a lot you streaming in {dollars} month-to-month … many of the instances artist get confused in enterprise and lose their artistic spark.”
How are you going to really negotiate a deal in the event you don’t know the way a lot you streaming in {dollars} month-to-month … many of the instances artist get confused in enterprise and lose their artistic spark
— MeekMill (@MeekMill) March 11, 2024
In one other tweet, Meek Mill went on to deal with his relationship with Ross, claiming he made greater than $100 million in income regardless of signing what he recognized as a “unhealthy” deal at 18-years-old.
“To all American banking … I’ve a historical past on paper of accumulating over 100m in revenue with music I made with my ip,” he wrote. “I signed a foul contract after I was 18 it final til I used to be 32 years previous … Ross did some good enterprise with me however I need my cash from banks!”
He adopted that message up by firmly doubling down on his perception he doesn’t want the cash labels are providing him as a result of he’s now savvy sufficient to know methods to generate income on his personal.
I’ve been dealing with thousands and thousands for the reason that age of 23 … I’ve 10 different companies I don’t want my cash from simply labels I wanna construct my very own … I’d companion with a present label however I nonetheless need my cash from a financial institution or investor! Music is simply too straightforward to generate cash for me!
— MeekMill (@MeekMill) March 11, 2024
In a subsequent tweet, Meek Mill admitted neither he nor Ross actually understood the scope of what their enterprise inside the music trade seemed like from an funding standpoint.
“I used to be simply hungry,” he wrote. “I don’t suppose it was Ross fault both I don’t suppose none of us understood the enterprise like we do now from 2011 … he was my energy marketer I requested him to get me on television as a result of I knew what I may do…. He invested in my early salute!”
I used to be simply hungry… I don’t suppose it was Ross fault both I don’t suppose none of us understood the enterprise like we do now from 2011 … he was my energy marketer I requested him to get me on television as a result of I knew what I may do…. He invested in my early salute!
— MeekMill (@MeekMill) March 11, 2024
In the long run, Meek Mill went on to make clear that he and Rozay are on—and have at all times been—good phrases in the case of enterprise, tweeting, “Don’t get it confused me and Ross dealt with the enterprise and nonetheless getting cash from each course.”
Don’t get it confused me and Ross dealt with the enterprise and nonetheless getting cash from each course!
— MeekMill (@MeekMill) March 11, 2024
