Rapper Lil’ Pump has apparently signed an $8 million deal with Warner Bros.
1.9m Likes, 27.1k Comments - Lil Pump Jetski (@lilpump) on Instagram: "Blessed to be where im at rn ????????"
For a while now, Pump’s name has been tossed around with possibilities of him signing with multiple labels, but it seems he has landed back with Warner Bros.
According to TMZ, the deal grants Pump the $8 million in a signing bonus with him receiving $9,000 the first year, $12,000 the second year, & $15,000 during the third through seventh year.
While clearly Pump’s contract is front-loaded if you count the signing bonus, Pump can earn tons more in royalties. According to Complex, he will earn 14% in the U.S. and have “provisions that could grant him up to 66% in royalties depending on the format.”
Pump has recently been quoted saying that he wouldn’t be signing to any label for less than $12 to $15 million, seems like he was blowing smoke.
Anyway, who do you think got the best of this deal, Pump or Warner Bros.?
Chris is a writer and social media guru who is known for channeling his creativity. He offers valuable insight regarding trending topics in hip hop, sports, fashion/streetwear, and tech news. Follow @REALschweitz on Twitter