Shawty Lo Says Another Label Could Have Offered Him "5 Times More" But 50 Cent's 50/50 Deal Was Best
Audio After The Jump
As we previously reported 50 Cent has unveiled details about his new 50/50 deal for artists that Shawty Lo became the first to sign.
The Atlanta rapper spoke with MTV yesterday and further explained why 50's offer was more appealing to him than the 360 deals major labels are now offering.
"I'm just not a believer in a 360 deal. I feel like I can make my own money before I let a label come in a give me a 360 deal," Shawty said. "You don't have to give me a whole lot of upfront money to do a 360. I don't need that."
The unpopular 360 deal allows labels to get a piece of not only record sales, but touring and merchandising as well.
The 50/50 deal covers all overhead costs. Once Fif recoups promo and recording costs, Shawty splits all income from records 50/50 and doesn't have to share touring or merchandising.
Shawty added that he just felt more comfortable dealing with someone who came up from the streets like he did and made something out of nothing.
"I just felt like 50 would be the best situation for me, man, because my life story came from where my life story came from: turning a negative into a positive," he explained. "It feels like it's familiar with 50's life. That's why I ran with him. Another label could've offered me five times what 50 offered me. I just feel like 50 was the perfect opportunity for me. My vision for the label is straight to the top. I'm working very hard to get my label to where I need to be. To be a big label in the South, all I needed was somebody behind me who could believe in me, who could relate to what I done been through, and I think 50 is the person to do it."
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Comment
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Comment by Justin T. Poindexter on June 24, 2011 at 4:15am -
Biggest mistake of 50's business career... along with Hot Rod going Pop.
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Comment by Mookie on June 24, 2011 at 3:41am -
Well see how this gos
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Comment by LEATHERFACE! on June 24, 2011 at 1:58am -
IM NOT A HUGE GUMIT FAN BUT THIS N**** 50'S BUSINESS SAVY IS CRAZY . HE BOUT TO MAKE ALL THESE LABELS CRUMBLE LMAO URBAN MUSIC DIVISION THAT IS
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Comment by Steven G Ross on June 24, 2011 at 12:09am -
hahaha howcome he looks like young buck? Lol
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Comment by deeznutz954 on June 24, 2011 at 12:07am -
why does 50 always sign the washed up rappers?!
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Comment by jBrizzle on June 23, 2011 at 11:35pm -
MAx B aint garbage yo ha!
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Comment by jesse ramos on June 23, 2011 at 11:03pm -
i got a copy of this n**** new mixtape, i aint gonna lie the beats are hot,and he got some hot collabos, but im still not sure what fif is thinking. i dont see him on the same level as any other person that has signed to the unit.i dont know if Shawty will blow the way they think but then again people love flaka and officer ross or max b and so on.meaning people love garbage nowadays so i guess well just have to wait and see.
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Comment by M.K.J... on June 23, 2011 at 10:15pm -
LOL @ANDREW...
I LIKE SHAWTY LO 1ST ALBUM BUT HAVE'NT HEARD MUCH FROM HIMS SINCE,SO IM ANXIOUS TO SEE HOW THIS ALL PANS OUT...
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Comment by You Dig on June 23, 2011 at 9:40pm -
i bet Fif owns the masters. Checkmate.
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Comment by Ms.Unaware Book "UnAware" Coming on June 23, 2011 at 8:48pm -
Cool.....
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