T.I. Looking for $75 Million Record Contract
Few artists regardless of genre can dream of being awarded a $75 million record contract. Yet, rapper T.I. – who lives up to his reputation as “King of the South” – is seeking out such a deal now that his time with Atlantic Records is up.
According to reports from TMZ, T.I. finished up his 10-year contract with Atlantic Records, with his latest album Trouble Man: Heavy is the Head bowing highly on the Billboard 200. Now considered a free-agent, this $75 million deal he’s seeking out would cover the following:
- Three albums
- Exclusive signing of his Grand Hustle artists. The most well-known out of this group is B.o.B.
- 10 to 20 percent of all publishing, touring, merchandising, and licensing
While artists with lesser chart performance demanding such a deal might be laughed at, T.I. is reportedly in talks with multiple major labels. Within the hip-hop community, he has supposedly already spoken with heavyweights Dr. Dre and Jay-Z. Outside of this, Interscope has additionally met with him. Sony, however, is rumored to have made an offer for $50 million, while Universal may possibly put an amount on the table soon.
Do you think he’ll take the $50 million from Sony or continue pursuing the $75 million?
Released in December, Trouble Man, the rapper’s eighth album to hit the Top 10 of the Billboard 200, hit stores, and aside from finding a new record contract, T.I. is going through the round of promotions.