How much is Drake's record deal worth? (2023)

How much is Drake's record deal?

Drake has seemingly confirmed on his new project Her Loss that he's signed a record deal worth $500 million. On the song “Major Distribution” off his new joint project with 21 Savage, Drizzy spits: “Bad Bunny numbers it's a robbery/ Five-hundred million just for Aubrey.”

OVO Sound (also known simply as OVO) is a Canadian independent record label, founded in 2012 by hip hop artist Drake, producer 40, and Oliver El-Khatib. Between 2012 to 2022, it operated as a subsidiary of Warner Records and was distributed by Republic Records, a division of Universal Music Group.

The shot was likely directed at Drake again, who was signed to Lil Wayne's Young Money imprint, a Cash Money Records subsidiary that operates under Universal Music Group. According to Wack 100, Drake first deal was not a dummy deal. Drake's first deal includes an 18 percent royalty rate with a $two million advance.

Conversation. Fun Fact: Nicki Minaj is the only current mainstream female rapper that is not signed to a 360 deal with her record label.

There's a rumor that Drake charges over $1 million for a feature, which is a ton but not surprising. With this type of pricing, Only the rich and fairly connected would be willing to put up the money for it anyway, so it's not like he would have to risk working with a "nobody" for it.

Fast forward and Drake has become one of the highest-paid entertainers across the globe. As AfroTech previously told you, part of Drake's net worth includes $50 million in earnings from his music catalog, as of 2021. Additionally, he reportedly earns $1 million per concert, according to Celebrity Net Worth.

He is the first artist ever to surpass 50 billion streams on Spotify, which would generate over $218 million in royalties.

However, Variety speculates that Drake “owns his own masters,” which is the essential real estate of the music industry (Put simply, whoever owns the masters of a musical composition can, and will, make the lion's share of the money on licensing and other deals).

Cash Money Records is an American record label founded in 1991 by brothers Ronald "Slim" Williams and Bryan "Birdman" Williams. Distributed by Republic Records (formerly known as Universal Republic), the label has been home to a roster of mostly hip hop artists, including Lil Wayne, Drake, and Nicki Minaj.

Drake's done it again. The Canadian-born rapper appears to have the Midas touch when it comes to his career. The “Back to Back” hitmaker is now RIAA-certified as the highest-selling singles artist, putting him ahead of another talented musician.

How many albums does Drake owe Cash Money?

The Basis of the Lawsuit

As laid out in court documents, those albums are 2009's 'So Far Gone,' 2010's 'Thank Me Later,' 2011's 'Take Care,' 2013's 'Nothing Was the Same,' 2015's 'If You're Reading This, It's Too Late' and 2016's 'Views,'” reported the outlet. Cash Money reportedly never paid out a dime.

1. Michael Jackson — $250 million (2010) The deal was signed after Jackson's death, but his estate's contract with Sony Music gives the label rights to his indisputable catalogue, including reissues, as well as any posthumous new releases, like 2014's "Xscape," which managed to land at No. 2 on US charts.

When major-label leader Universal Music Group [UMG], through its Interscope brand, signed Lady Gaga way back in 2007, they gave her one of those “360 deals”, in which the label takes a cut of any money Gaga takes in, whether it be through album sales, concert tickets, endorsements, website, anything.

$500,000 or More for a Nicki Minaj Verse

1 and feature verses that tend to outshine the artist she's working with. When the Queens-bred MC hops on a track, the end result is music to her fans' ears. While some rappers don't come right out and say what they charge for a verse, Nicki gets straight to the point.

$250,000 for a Future Verse

According to Megan Thee Stallion, a Future verse is going to cost you around $250,000.

Snoop Dogg has revealed if you want to get him on one of your songs, it'll set you back at least $250,000.

Other rappers with hefty performance fees include JAY-Z, who reportedly charges $1 million and Rick Ross who allegedly requests an estimated $60,000 per show.

The salaries of Rappers in the US range from $18,720 to $141,440 , with a median salary of $49,920 .

As for how much Spotify pays per stream, they pay roughly $0.04 per 10 streams. So, 1000 streams would be around $4, and 100,000 streams would be $400. Remember, this result may be lower based on certain factors such as if only half of your song was listened to.

How much money does Drake make off Apple music?

It's been reported that one streaming service, Apple Music, pays . 00783 cents per stream. So if, hypothetically speaking, all of Certified Lover Boy's 743 million streams were all from Apple Music, that would've raked in close to $6 million alone.

Drake's "God's Plan" was certified diamond in 2019. The rapper received a second diamond certification in 2020 as a featured artist on Travis Scott's "Sicko Mode," and a third in 2021 as a featured artist on Future's "Life Is Good." He added two more to his total in 2022 for "Hotline Bling" and "One Dance."

Drake gets paid up to $2M for a single big show.

Drake's is a brand of American baked goods. The company was founded by Newman E. Drake in 1896 in Harlem, New York, as The N.E. Drake Baking Company, but it is now owned by McKee Foods.

Over the past few years 300 Entertainment has grown to become one of the preeminent independent labels offering 360 record deals to big name artists such as Fetty Wap, Young Thug, Migos and more.

Drizzy's friend and fellow rapper Nicki Minaj might have accidentally slipped that he is indeed a billionaire. In Nicki's recent Instagram stories, Minaj was onboard Drake's private jet and had a lot to say about Drake's wealth status.

RS Charts: Drake Breaks Kanye West's Artists 500 Record – Rolling Stone. Music.

1 Hits. Drake has tallied 11 No. 1 hits on the Hot 100 in his career, the most among rappers. Among all artists, though, he's tied with Whitney Houston for the seventh-most, after The Beatles (20), Mariah Carey (19), Rihanna (14), Michael Jackson (13), The Supremes and Madonna (12 each).

Three of Drake's LPs have sold over five million copies, which is astounding for any artist over the past decade, rap or otherwise. Well, from 1979 to his death in 2009, Jackson released seven albums, and his only sold under eight million copies twice — again, mostly physical copies.

Did Drake sell more than Eminem?

Drake Passes Eminem As Highest-Selling Singles Artist in History.

According to Celebrity Net Worth, that would be $120 million.

Now the important question is, which is the better album? While both being financially successful, in the fourth week of sales Kanye sold 357 million albums and Drake sold 744 million. Although, it is not all about the numbers, what comes first is quality. With quality in mind, overall Donda gave us that.

The combined deal, which was first reported by Billboard, is estimated to be worth $500 million. Sony now owns all of Springsteen's original recordings as well as the intellectual property of the compositions.

Elvis Presley (USA) is the best-selling solo artist, with 1 billion sales worldwide (129.5 million in the USA).

Thr 10-year deal reportedly sees Jay Z receive $10 million per album for a minimum of three albums, $20 millions for others rights including publishing and licensing and $25 million to finance Jay Z's external acquisitions and investments.

The outlet reports that Aubrey Graham was issued a check for $400 million in a deal that includes everything from song recordings to visual projects. The deal — similar to the one The Weeknd signed with the media giant — puts Drake in the Republic Records camp.

He is the first artist ever to surpass 50 billion streams on Spotify, which would generate over $218 million in royalties.

Last week, we learned Lil Wayne sold his masters to Universal Music Group for $100 million. A new report unveils that Drake, Nicki Minaj and Tyga's catalogs under Young Money were sold along with Lil Wayne's catalog.

How much would Drake make if he went independent?

“You think that if Drake right now, completely independent … if Drake posts a picture on the 'Gram of his new album, link in bio — f–k a link in bio, “new album out” — and he was fully independent, Drake will make $10 million a week for f–ing 60 weeks.”

Who Is Rihanna Signed To Now? As of 2022, Rihanna is currently Roc Nation, Universal Music Group, and her own label Westbury Road. You Should Read This Next! Rihanna was previously affiliated with Def Jam and SRP.

Over the past few years 300 Entertainment has grown to become one of the preeminent independent labels offering 360 record deals to big name artists such as Fetty Wap, Young Thug, Migos and more.

When an artist gets signed to a label they get money, called an 'advance,' to make a record. When the record is released, the label keeps all the money until they have recouped their expenses, which includes the advance, recording costs, promotion, and legal fees.

Cash Money Records is an American record label founded in 1991 by brothers Ronald "Slim" Williams and Bryan "Birdman" Williams. Distributed by Republic Records (formerly known as Universal Republic), the label has been home to a roster of mostly hip hop artists, including Lil Wayne, Drake, and Nicki Minaj.

McCrary started singing early, belting Michael Jackson's “Bad” while barely out of his toddler years. His career has been on the rise ever since he first appeared on NBC's “Little Big Shots,” hosted by Steve Harvey, at the tender age of 8.