Link (https://news.sky.com/story/grammy-award-winner-nelly-furtado-strikes-right-note-with-blackstone-deal-12600570)
I saw this a few weeks back and wonder why :uhh: but Shakira and a few others did the same thing but I guess if it worth coins kudos to them I guess! Nelly delivered solid albums throughout her career tho
I suppose because there's not much money to be made in the streaming era so this gives them guaranteed/instant money vs. a small amount over a period of time that could amount to peanuts.
Quote from: Nonchalantboi on May 09, 2022, 10:12:02 AM
I saw this a few weeks back and wonder why :uhh: but Shakira and a few others did the same thing but I guess if it worth coins kudos to them I guess! Nelly delivered solid albums throughout her career tho
Because as opposed to them getting let's say 15K - 20K per quater for residuals, they can get a big sum now and use it for something they need now. They may not be able to see that amount that they selling it for until over a span over their lifetime.
She better take that money and run.
Surprised her catalog is worth that much.
Book.
Quote from: Nine on May 09, 2022, 10:39:31 AM
Surprised her catalog is worth that much.
Book.
Quote from: Big Barbie on May 09, 2022, 10:14:53 AM
I suppose because there's not much money to be made in the streaming era so this gives them guaranteed/instant money vs. a small amount over a period of time that could amount to peanuts.
I wish they would think long term, though - generational wealth.
Quote from: Navyman on May 09, 2022, 10:21:24 AM
Quote from: Nonchalantboi on May 09, 2022, 10:12:02 AM
I saw this a few weeks back and wonder why :uhh: but Shakira and a few others did the same thing but I guess if it worth coins kudos to them I guess! Nelly delivered solid albums throughout her career tho
Because as opposed to them getting let's say 15K - 20K per quater for residuals, they can get a big sum now and use it for something they need now. They may not be able to see that amount that they selling it for until over a span over their lifetime.
Totally understand this.
Quote from: Nine on May 09, 2022, 10:39:31 AM
Surprised her catalog is worth that much.
Book.
She low-key BOOKED.
It seems like it makes the most sense to own your masters but sell at the right time these days. Unless physical sales dominate, streaming probably won't make much money for individual artists.
They need to add/change laws for streaming.
Artists need to make money.
Yea this is a book for someone that hasn't been commercially relevant in like 15 years klfjsk;ljf
MUCH better than Lil Wayne selling all of young money's catalog for $100M when he likely could've gotten that for him, Nicki and Drake each
Quote from: Rxxf on May 09, 2022, 07:24:20 PM
I wish they would think long term, though - generational wealth.
the lump sum could def translate to generational wealth as well if she just handles it/invests it right
Quote from: orgulhoso on May 09, 2022, 08:58:40 PM
Quote from: Rxxf on May 09, 2022, 07:24:20 PM
I wish they would think long term, though - generational wealth.
the lump sum could def translate to generational wealth as well if she just handles it/invests it right
!!
That money invested the right way could be more lucrative than possessing for bragging rights etc.
Quote from: Big Barbie on May 09, 2022, 09:00:43 PM
Quote from: orgulhoso on May 09, 2022, 08:58:40 PM
Quote from: Rxxf on May 09, 2022, 07:24:20 PM
I wish they would think long term, though - generational wealth.
the lump sum could def translate to generational wealth as well if she just handles it/invests it right
!!
That money invested the right way could be more lucrative than possessing for bragging rights etc.
SO TRUE!!! I was thinking that, too.
This makes sense, I think Timbaland also has his catalogue over there... so they already have the rights to Loose.
Quote from: Kaeli. on May 09, 2022, 08:22:14 PM
Yea this is a book for someone that hasn't been commercially relevant in like 15 years klfjsk;ljf
MUCH better than Lil Wayne selling all of young money's catalog for $100M when he likely could've gotten that for him, Nicki and Drake each
skskfjsj that dumb nigger wtf :uhh:
Quote from: Cartierline on May 09, 2022, 01:02:20 PM
Quote from: Nine on May 09, 2022, 10:39:31 AM
Surprised her catalog is worth that much.
Book.
Me too but they probably factor in perpetuity. Nelly probaly wouldn't see that money in residuals but if they license Say it Right for a movie or a few tampon commercials they could easily make that money back, in ten years or less
Queen really had her time
The music industry doesn't seem too lucrative outside of business ventures and touring in the streaming era. Plus the pandemic fucked up touring so this is a good move
Kinda sad but hey, get money quee
https://www.youtube.com/watch?v=mdSg6oVV5mM
:caseoftheherp:
"No financial information has been officially released." Is all that I need to know that ain't nobody paid this girl no damn $50 million.
Quote from: RedOctober on May 10, 2022, 03:55:51 PM
"No financial information has been officially released." Is all that I need to know that ain't nobody paid this girl no damn $50 million.
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