SpyLoaded Forum






News



Post reply

Note: this post will not display until it's been approved by a moderator.

Name:
Email:
Subject:
Message icon:
Verification:
"5 eggs" Multiply By "4 eggs" Is what ?:

shortcuts: hit alt+s to submit/post or alt+p to preview


Topic Summary

Posted by: Mr. Babatunde
« on: May 04, 2022, 03:27:33 AM »



Drake has reportedly re-signed with Universal Music Group which has been his home since start of his major label career.

Sir Lucian Grainge did a Q1 earnings call with the team on Tuesday where they reported $2.31b in revenue, a 21.6% bump over 2021’s Q1. “As important as the positive performance of the business this quarter is its breadth and strength,” said UMG Chairman and CEO Sir Lucian Grainge.

“Our strategic portfolio approach—creatively, geographically, technologically and across a broad range of artists, partners, formats, businesses and revenue streams—not only delivers results now but, over the long run, we believe will produce an even better and more stable performance while providing incredible value to our artists and shareholders.”

But he also confirmed during the call that Drake has re-signed with Universal’s Republic Records in a multi-faceted deal with the company that encompasses recordings, publishing, merchandise and visual media projects. He mentioned “expanded portfolios” that includes various creative lanes and revenue streams, similar to what was recently announced with The Weeknd’s re-signing with Republic.

The money part has, of course not been disclosed but one insider explained the deal to Variety as “Lebron-sized,” without putting a number on it. Drake’s music brings in about $50 million annually according to sources, so his deal with the world’s biggest music company could be in the vicinity of $400 million or more.
Why I Did Not Renew Endorsement Deal With MTN - Here is the reason why

Started by Yakub Oloyede

 Replies: 0
Views: 3355
Photo: Dammy Krane Lands New Deal With Tecno

Started by Yakub Oloyede

 Replies: 0
Views: 2983
Top 15 music and videos of the week @spyloaded.com

Started by Yakub Oloyede

 Replies: 0
Views: 3037
Photo: Former Chelsea Defender Ashley Cole Parties With Rap Star Drake In London

Started by Yakub Oloyede

 Replies: 0
Views: 3073
Rule your world! Glo signs on 28 ambassadors; Mama G, Wizkid, AY, P-Square , Ko

Started by Yakub Oloyede

 Replies: 0
Views: 2851

* Recent Topics

Close
SimplePortal 2.3.6 © 2008-2014, SimplePortal