Drake’s $2 Mil Young Money Record Deal Details Revealed

Posted on 24. Jul, 2009 by Danny M in Latest News

Drake‘s Young Money record contract details have been revealed by his managers and they say the rapper will have full ownership of his publishing.

In addition to publishing, Drizzy was reportedly given a $2 million advance.

Under the unusually lucrative agreement he struck with Aspire/Young Money/Cash Money Records distributed through Universal, Drake received a $2-million advance. He retains the publishing rights to his songs and cedes only around 25% of his music sales revenues to the label as a ‘distribution fee,’ his managers said. By contrast, the overwhelming majority of new artists sign financially restrictive ’360 deals’ that sap their touring and merchandise income and offer much more restrictive profit-sharing.

Shout outs to SOHH

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