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

July 24, 2009 by Danny M

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Drakes 2 Million Young Money Record Deal Details Revealed

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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5 Responses to “Drake’s $2 Mil Young Money Record Deal Details Revealed”

  1. Aubria Says:

    Mannn I LOVE DRAKE!…..

    Reply

  2. ayooo Says:

    damn that’s wussup

    Reply

  3. lil M Says:

    man i wish i could be a rapper because i kno how to rap but dont kno were to start at….

    Reply

  4. LilTunechi Says:

    First

    Reply

  5. PUFFY BABY Says:

    Im all the way from NZ im 21 and one of the biggest fans of the yung muny team ! im on my grind 24/7 to be in yung muny to besyde drake an wayne would be an honur ! i do gigs but NZ aint got the biggest hip hop indusrty if u looking for new talent hit me up 0278782619 . . Looking forward to getting down with the Yung muny team – Yung mula

    Reply

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