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 Why rappers are broke.

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PostSubject: Why rappers are broke.    Mon 07 Jan 2013, 11:59 am

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Thoughts?
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Dang! Trotter
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PostSubject: Re: Why rappers are broke.    Mon 07 Jan 2013, 6:42 pm

I saw this. Basically, rappers are flashing borrowed money. Its funny that dudes get in the game to get rich but end up racking up debt and actually becoming poorer
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TheHazardous
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PostSubject: Re: Why rappers are broke.    Tue 08 Jan 2013, 3:50 am

The artist is always the last one to get paid.

No way someone will people pay you a million dollars unless they're getting way more back.

And those videos are old so I can only imagine it's gotten grimier.
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D.Powell
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PostSubject: Re: Why rappers are broke.    Tue 08 Jan 2013, 5:49 pm

nowadays emcees have greatly improved upon their business skills I don't think there is any question there...alot of them get in the game to make money...nothing more, nothing less....before the motivation was to put out some dope artistry and gain respect and in that the money and accolades would come later which is why a bunch of those artists are now broke.....but in 2013 these kids have alot of history to go on in terms of what to do and what not to do..and the internet has just about eliminated the record company so you can sell and promote your own shit and make your own videos and therefore make your own money....if you can book your own shows, then your going to be paid a bunch of cake....because thats the main any artist makes money anyway...show booking/shows has to always come first in terms of making money as an artist...the last way to make money in hip-hop is strictly through record sales, you'll make the least amount depending on that..

also diversify yourself meaning selling products in addition to hawking music will always make you more money....music as a whole will always make less money for an artist then selling clothes/sneakers, headphones, alcohol/food and/or acting in movies......ask Diddy, Russell Simmons, Dr.Dre, Jay-Z or 50 Cent......
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TheHazardous
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PostSubject: Re: Why rappers are broke.    Tue 08 Jan 2013, 8:10 pm

I think because the profit margin has dropped for Major Record Labels they are now trying to get folks to sign 360 deals. Basically no matter the side venture the record label gets a percentage of the venture. If you sell a dime in the park they want in.

Majors have also significantly shrunk their staff because so much stuff is being digitized/computerized.

Now for a fee some labels will simply distribute your internet downloads. You can now "be on Def Jam" even if all they do is distribution for you.

It's going to be interested to see what the new capitalist format will be when someone comes up with consistent formula to make old school cake.


But as stated earlier diversity is the key. And you make more money helping other people make music than making it yourself.
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chingy > nas
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PostSubject: Re: Why rappers are broke.    Tue 22 Jan 2013, 3:02 pm

90% of the time all the shit in these rappers videos is rented

they prolly even renting all the wads of cash as well

if not then its that fake play money
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